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Day: October 27, 2017
October 272017
EUR/USD Extends Decline, Driven Down by Adverse Fundamentals
EUR/USD declined today, extending yesterday’s slump. There were several reasons for that. Catalonia announced independence after all, and that was certainly not good for the euro. Meanwhile, economic data released in the United States was amazing, driving the dollar higher. Additionally, hopes that a new Federal Reserve Chairman will be a hawk were also helping the greenback. US GDP grew by 3.0% in Q3 2017 according to the first, […]
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October 272017
EUR/USD Hits New Lows After the Release of US GDP Report
The EUR/USD currency pair today hit new multi-month lows, which were last witnessed in July, after the release of positive US GDP data in the early North American session. The pair’s massive decline began yesterday after the European Central Bank cut its quantitative easing program by half, while painting a dovish outlook for the Eurozone. The EUR/USD currency pair today declined by over 60 point from its daily high […]
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October 272017
EUR/USD Hits New Lows After the Release of US GDP Report
The EUR/USD currency pair today hit new multi-month lows, which were last witnessed in July, after the release of positive US GDP data in the early North American session. The pair’s massive decline began yesterday after the European Central Bank cut its quantitative easing program by half, while painting a dovish outlook for the Eurozone. The EUR/USD currency pair today declined by over 60 point from its daily high […]
Read more