Fundamental Analysis – Page 35

November 29
2017

EUR/USD Halts Decline Despite Fundamentals

EUR/USD halted its decline, rising today, even though fundamentals were supportive to the dollar. The US economic growth in the third quarter got a positive revision. Janet Yellen sounded rather optimistic during her last testimony as Federal Reserve Chairperson. (Event B on the chart.) US GDP rose at the annual rate of 3.3% in Q3 2017 according to the preliminary estimate, an upward revision from the advance figure of 3.0%. It was completely […]

November 28
2017

EUR/USD Extends Decline as US Data Surprises Positively

EUR/USD fell today, extending yesterday’s decline. All of reports released in the United States today were good and exceeded market expectations. Now, traders wait for the revised estimate of US gross domestic product in the third quarter of 2017 due for release tomorrow. Experts anticipate an upward revision of growth from 3.0% to 3.3%. S&P/Case-Shiller home price index rose 6.2% in September, above the analysts’ projection of 6.0% and the previous month’s increase of 5.8%. […]

November 27
2017

EUR/USD Erases Gains After US New Home Sales Data

EUR/USD attempted to rally today but erased gains following the release of a US new home sales report. The data showed that the sales climbed to the highest level in a decade. This week should be much more eventful than the previous one, which was light on news due to the Thanksgiving holiday in the United States. This week, on the other hand, will have plenty of events that should be important to the US dollar. […]

November 22
2017

EUR/USD Rallies After Mixed Data, FOMC Minutes

EUR/USD rallied following the release of US durable goods orders today and continued to move up ever since. Not all reports in the United States were bad, but that did not prevent the currency pair from rallying. FOMC minutes did little to stop the rally despite mentioning another interest rate hike in the near future. Initial jobless claims dropped to 239k last week from the previous week’s revised […]

November 20
2017

EUR/USD Volatile amid German Political Turmoil

EUR/USD fell intraday amid news that talks about forming a coalition government in Germany failed. The currency pair bounced later to traded at the opening level. But as of now, EUR/USD retreated yet again, though not as low as during the previous drop. This week’s economic calendar is relatively light on releases with the exception of Wednesday. Leading indicators rose 1.2% in October, two times the forecast gain by 0.6%. Furthermore, the September […]

November 16
2017

EUR/USD Remains Little Changed Despite Slew of Economic Reports

EUR/USD settled little changed on Wednesday (though it attempted to rally intraday) despite the large amount of economic reports in the United States. One of the most important of them was the inflation data, which showed that headline inflation slowed last month. Yet underline inflation accelerated a bit from 0.1% to 0.2%. Overall, economic data was mixed, giving no edge to the currency pair. CPI rose 0.1% in October on a seasonally […]

November 16
2017

EUR/USD Slips Despite Disappointing US Data

EUR/USD edged a little lower today even as most US economic report were disappointing. The dollar remained under pressure from uncertainty about the planned tax cuts. Initial jobless claims rose from 239k to 249k last week instead of falling to 235k as analysts had predicted. (Event A on the chart.) Import prices rose 0.2% in October after increasing 0.8% in September, missing market expectations of 0.4%. Export prices showed […]

November 13
2017

EUR/USD Flat on Uneventful Monday

With no important news, EUR/USD was trading mostly in a range. Both the dollar and the euro had their own factors that were limiting their chances to rally. The greenback suffered from uncertainty about the tax reform bill, while the currency of the eurozone was hurt by speculations that the European Central Bank is not in a hurry to remove monetary stimulus. Treasury budget turned from a surplus of $8.0 billion in September to a deficit […]

November 9
2017

EUR/USD Rises on US Data, Political Concerns

EUR/USD edged up today after US jobless claims rose more than was expected. The greenback moved lower versus the euro also because traders were concerned that US tax cut bill from the Senate due to release today will be different from the one proposed by the House of Representatives. Initial jobless claims climbed from 229k to 239k last week, exceeding the median forecast of 232k. (Event […]

November 8
2017

EUR/USD Flat on Wednesday of Quiet Trading Week

EUR/USD was trading sideways during Wednesday’s quiet trading. This week is expected to be extremely light on economic reports. As a result, traders turned their attention to other events, like reports about a possible delay of tax cuts in the United States for a year. US crude oil inventories increased by 2.2 million barrels last week and were in the upper half of the average range for this time of year. That was a surprise […]