EUR/USD down 0.71%. US GDP grew 0.8% in Q1 2016.

EUR/USD fell today. As of 5:00 PM EDT the currency pair was trading at 1.1113, which is 0.71% lower than the previous close. US shares moderately gained today. Below is presented the performance of major indices: DJIA closed at 17,873.22, up 0.25%. Nasdaq Composite rose 0.65% finishing at 4,933.50. S&P 500 closed at 2,099.06, which is 0.43% higher than the previous close. According to the data from the Commerce Department released today, the US Gross domestic product grew at a […]

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EUR/USD dropped 0.46%. Oil prices continue to decline.

EUR/USD significantly dropped during European session today. As of 1:00 PM EDT the pair was trading at 1.1140, which is 0.46% lower than the previous close. UOB analysts provided their outlook on EUR/USD yesterday, stating their bearish targets. “There is not much to add; we still believe the current EUR weakness has scope to extend lower to mid-March low of 1.1055. This is a rather strong support and those who are short from last Monday should look to cover half […]

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EUR/USD at 1.1191. Japan CPI fell 0.3%.

EUR/USD was relatively stable during the Asian session today. As of 3:00 AM EDT the pair was trading at 1.1191, almost unchanged from the previous close. Asian shares finished mostly higher today. Below is presented the performance of major indices: Shanghai Composite closed at 2,821.05, down just 0.05%. Nikkei 225 rose 0.37% finishing at 16,834.84. Hang Seng closed at 20,576.77, up 0.88%. S&P/ASX 200 increased 0.33% finishing at 5,405.90. India’s Sensex was trading at 26,614.17 as of 1:49 PM IST, […]

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EUR/USD rose 0.32%. US initial jobless claims dropped to 268,000.

EUR/USD increased for the second day in a row. As of 6:00 PM EDT the pair was trading at 1.1194, which is 0.32% higher than the previous close. US shares finished around the yesterday close. Below is presented the performance of major indices: DJIA closed at 17,828.29, down 0.13%. Nasdaq Composite rose 0.14% finishing at 4,901.77. S&P 500 closed at 2,090.10, which is just 0.02% lower than the previous close. According to the data released form the US Labor Department […]

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EUR/USD Forecast and Trade Ideas for May 27 2016

Previous trading day: Yesterday`s trading session currency pair started around levels of 1.1150, finishing day testing long term resistance at 1.12 after US data release on durable goods orders and pending home sales. Holding a speech in Washington, Fed Governor Powell expressed his view that US economy is on a positive track regarding economy segments closely watched by Fed members. He sees underlying growth  much higher than actually posted though figures. Although he is quite optimistic regarding future strengthening of […]

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EUR/USD up 0.15%. UK GDP grew 0.4% in Q1 2016.

EUR/USD was trading above the yesterday close throughout the day. As of 1:00 PM EDT the pair was trading at 1.1175, which is 0.15% higher than the previous close. European shares finished slightly higher today. Below is presented the performance of major indices: FTSE 100 closed at 6,265.65, up 0.04%. CAC 40 rose 0.69% finishing at 4,512.64. Euro Stoxx 50 was trading at 3,071.21 as of 5:50 PM GMT, which is 0.31% higher than the previous close. The UK GDP […]

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EUR/USD at 1.1171. Oil prices above $50.

EUR/USD slightly increased during the Asian session today. As of 3:00 AM EDT the pair was trading at 1.1171, which is 0.12% higher than the previous close. Commerzbank analysts provided their outlook on EUR/USD yesterday. “EUR/USD attention remains on on the 1.1144 24th March low and the 1.1060/450 December high, the March 16 low and the channel. Very near term we look for the market to consolidate and for rallies to remain capped by 1.1280/1.1300. The base of the 6 […]

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EUR/USD at 1.1158. US Crude inventories dropped 4.2 million barrels.

EUR/USD was fluctuating in a range of 1.1129 – 1.1169 throughout the day. As of 6:00 PM EDT the pair was trading at 1.1158, which is 0.16% higher than the previous close. US shares are rising for a second day in a row. Below is presented the performance of major indices: DJIA closed at 17,851.51, up 0.82%. Nasdaq Composite rose 0.70% finishing at 4,894.89. S&P 500 closed at 2,090.54, which is 0.70% higher than the previous close. According to the […]

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EUR/USD Forecast and Trade Ideas for May 26 2016

Previous trading day: Currency pair started previous trading day in calm mode, with quite modest bullish trend, moving in a range of some 30 pips between levels of 1.1129 up to 1.1164. Yesterday`s trading day was much more focused on oil prices and stocks than on currency market. Dallas Fed President Kaplan held speech at Greater Houston Partnership providing his view on economic developments in US, mostly confirming what was previously said by other FED presidents. Fed Kaplan noted that […]

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EUR/USD increased 0.18%. Oil prices at $49.

EUR/USD was trading mostly higher throughout the day. As of 1:00 PM EDT the pair was trading at 1.1161, which is 0.18% higher than the previous close. Barclays analysts provided their targets on EUR/USD today. “We are looking to re-establish a bearish view on the break below the 1.1180 lows. We would also fade any upticks against resistance in the 1.1350 area. Our downside targets are towards 1.1125 and then 1.0990” written in the report. European shares finished higher today. […]

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