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03 Dec 2013: Euro up on falling unemployment in Spain
EUR USD – Euro up on falling unemployment in Spain
Euro jumped this morning as November employment claims figure in Spain shrunk unexpectedly. The forecasts were for a 50K increase in the number of unemployment claims, while the actual figures showed a fall of 2.5K. ...
28 Nov 2013: Euro up on rising inflation in Germany's Saxony region
EUR USD – Euro up on rising inflation in Germany’s Saxony region
Euro strengthened against dollar as annual inflation in Germany’s Saxony region accelerated for the first time in five months, damping bets the European Central Bank will further loosen monetary policy. The shared currency has been supported also by a monthly report showing the consumer prices in Spain rose more than economists forecast in November. ...
26 Nov 2013: Euro up before US Building permits data
EUR USD – Euro up before US Building permits data
Euro up a little versus dollar this morning, but with no major news coming from the Eurozone, traders may expect some more decisive movements in the afternoon when the US Building permits number for the month of October will be announced.
EUR GBP – pair in range before Treasury Committee Hearings
The pair is ranging this morning and we should not expect any sharp turns before the Treasury Committee Hearings scheduled for 11.00am GMT. ...
21 Nov 2013: Dollar up after Fed minutes
EUR USD – Dollar up after Fed minutes
Federal Reserve minutes suggesting policymakers may be able to start scaling back stimulus soon lifted the dollar to a one-week high against the euro this morning. The euro was also hurt by data showing French business activity slowed in November. ...
19 Nov 2013: Euro losing some of its most recent gains
EUR USD – Euro losing some of its most recent gains
Dollar weakened, helped push euro higher in the past week, although gains this morning were limited before the German ZEW economic sentiment survey that just came up. Investors expected an improved reading to support euro, however the data that came out was not that encouraging (although positive) and we could see how traders react, with euro giving up some of its recent gains.
EUR GBP – Euro down on German economic data
Although the ZEW Indicator of Economic Sentiment for Germany (announced at 10.00am GMT) has increased by 1.8 points in November 2013, investors and traders did not see this as a big enough gain for the German economy and sold the euro after the news. ...