Day: October 1, 2014

October 1
2014

German, Eurozone Data Weigh on Euro

Euro is seeing more weakness today, and that’s not surprising, given the latest economic data out of the eurozone. Also not helping matters is the fact that the latest data out of Germany is disappointing as well. With the eurozone economy continuing to flounder, the more likely it is that ECB will take increasingly drastic steps to try to stimulate the situation. Euro is down across the board today, dropping against its […]

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October 1
2014

EUR/USD Trades Sideways with Small Downward Slant

EUR/USD failed to demonstrate some definite direction during the day, rising and falling, but staying not far from its opening level today. Mixed US reports did not push the currency up or down. ADP employment report demonstrated a growth by 213k jobs in September following 202k reported for August (revised down from 204k). The actual value turned out to be higher than 205k forecast. (Event A on the chart.) […]

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