Fundamental Analysis – Page 54

October 25
2016

EUR/USD Resumes Decline, Ignoring Macroeconomic Data

EUR/USD resumed its declined today after staying flat yesterday. The currency pair also traded sideways at the start of the current session, but has started a decline at 12:00 GMT and is moving down currently. Economic data from the eurozone (namely, from Germany) was good while the US consumer confidence indicator was disappointing, but that had little impact of the performance of the pair. S&P/Case-Shiller home price index was […]

October 19
2016

For Second Day EUR/USD Fails to Rally

Today, EUR/USD demonstrated basically the same performance as yesterday — rising intraday but failing to keep gains and retreating below the opening level. Economic data hardly had any impact on the moves of the currency pair as there were no reports from the eurozone while US indicators were mixed and gave the dollar no edge. Housing starts were at the seasonally adjusted annual rate of 1.05 million in September, below the median forecast of 1.18 […]

October 18
2016

EUR/USD Fails to Keep Gains, Falls Below Opening Level

EUR/USD attempted to rally after data showed that core inflation was below expectations (0.1% actual versus 0.2% forecast) but failed to maintain upward momentum and slipped below the opening level. Speculators continue to bet on an interest rate hike from the Federal Reserve in December, and that is likely to support the dollar until then. CPI rose 0.3% in September, matching forecasts exactly. The index was up 0.2% in August. […]

October 17
2016

EUR/USD Edges Higher as US Data Disappoints Ahead of ECB Meeting

There were few US economic reports scheduled for the current trading session, but the ones that were released were disappointing, failing to reach market expectations. This allowed EUR/USD to edge higher today. One of the most important events this week should be the monetary policy meeting of the European Central Bank. Experts speculate that European policy makers may consider reducing monetary stimulus. While it will […]

October 14
2016

EUR/USD Drops on US Data, Fails to Rebound

EUR/USD dropped today after a bunch of positive economic reports from the United States reinforced investors’ belief that the Federal Reserve is going to hike its interest rates in December. The currency pair made an attempt to rebound after the consumer confidence report showed an unexpected drop, but the bounce was very short-lived, and now the dollar continues to gain on the euro. PPI rose 0.3% in September, more than analysts had predicted — […]

October 13
2016

EUR/USD Bounces After Three Days of Losses

EUR/USD rose today even though economic data released from the United States over the trading session was good and should have supported the dollar. It looks like markets thought that three consecutive days of gains were too much for the greenback and the currency should pause before deciding whether it can go higher. The long-term sentiment remains in favor of the US currency, especially after yesterday’s policy minutes […]