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Fundamental Analysis
July 242018
EUR/USD Bounces amid Mixed Data
EUR/USD was falling at the start of today’s trading session, but has reversed its movement at 7:00 GMT, and is now trading above the opening level. Macroeconomic data was mixed both in the United States and the eurozone, but that did not prevent the rebound. Market analysts believe that the currency pair will remain volatile till the European Central Bank policy meeting on Thursday. As for US reports, a couple were released […]
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July 192018
EUR/USD Soars Despite Positive US Data
EUR/USD was on the rise today during the New York trading session despite the fact that the US macroeconomic indicators came out pretty good this time. Philadelphia Fed manufacturing index rose from 19.9 to 25.7 in July, coming out better than 21.6 expected by market participants. (Event A on the chart.) Initial jobless claims declined to 207k in the week ending July 14. It was a positive surprise for USD bulls […]
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July 192018
EUR/USD Soars Despite Positive US Data
EUR/USD was on the rise today during the New York trading session despite the fact that the US macroeconomic indicators came out pretty good this time. Philadelphia Fed manufacturing index rose from 19.9 to 25.7 in July, coming out better than 21.6 expected by market participants. (Event A on the chart.) Initial jobless claims declined to 207k in the week ending July 14. It was a positive surprise for USD bulls […]
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July 182018
EUR/USD Declines, Recovers on US Housing Data
The US dollar had been winning against the single European currency during the late London and early New York trading sessions today before the poor US real estate statistics indicators made euro jump up. EUR/USD has not yet recovered all of its early losses but is doing quite well as of now. Housing starts and building permits declined significantly in the United States in June. Housing starts […]
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July 182018
EUR/USD Declines, Recovers on US Housing Data
The US dollar had been winning against the single European currency during the late London and early New York trading sessions today before the poor US real estate statistics indicators made euro jump up. EUR/USD has not yet recovered all of its early losses but is doing quite well as of now. Housing starts and building permits declined significantly in the United States in June. Housing starts […]
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July 172018
EUR/USD Declines Ignoring Mixed US Reports
The euro was falling against the US dollar during the bigger part of both the European and the American trading sessions. It ignored the US fundamentals but came to a halt after 16:00 GMT, entering a consolidation phase. Industrial production and capacity utilization both increased in May. Industrial production added 0.6% after declining by 0.5% in April (revised from a 0.1% drop). The indicator was expected to add 0.5% in May. Capacity utilization went […]
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July 172018
EUR/USD Declines Ignoring Mixed US Reports
The euro was falling against the US dollar during the bigger part of both the European and the American trading sessions. It ignored the US fundamentals but came to a halt after 16:00 GMT, entering a consolidation phase. Industrial production and capacity utilization both increased in May. Industrial production added 0.6% after declining by 0.5% in April (revised from a 0.1% drop). The indicator was expected to add 0.5% in May. Capacity utilization went […]
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July 162018
EUR/USD Gets Temporary Correction from Positive US Data
The euro was in a positive trend against its US counterpart during the most part of the trading session today. Later, the uptrend encountered a minor correction fueled with the better-than-expected macroeconomic indicators released by the US agencies. However, the correction failed to reverse the prevailing trend so far. Retail sales rose 0.5% in June 2018 in the United States. The growth exceeded the median forecast of 0.4%, but what is more important, the May’s growth […]
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July 162018
EUR/USD Gets Temporary Correction from Positive US Data
The euro was in a positive trend against its US counterpart during the most part of the trading session today. Later, the uptrend encountered a minor correction fueled with the better-than-expected macroeconomic indicators released by the US agencies. However, the correction failed to reverse the prevailing trend so far. Retail sales rose 0.5% in June 2018 in the United States. The growth exceeded the median forecast of 0.4%, but what is more important, the May’s growth […]
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July 132018
EUR/USD Fails to Enter Downtrend, Ignores US Fundamentals
EUR/USD was falling during the European trading session and rising during the US one today, but did not pay a lot of attention to the macroeconomic indicators. Those were largely negative for the US dollar. US export and import prices demonstrated mixed performance in June. Export prices increased by 0.3% while the import prices decreased by 0.4%. The latter was a bitter surprise for the dollar bulls who had hoped for a 0.1% increase. On a brighter […]
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