EUR USD Weekly Forecast 11-15 July 2016.

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How realistic is Fed`s rate increase during second half of this year? Following Fed Chair Yellen testimony to the Senate and Minutes of June FOMC meeting, it is going to be quite challenging decision for FOMC members. Minutes of June FOMC meeting, released during previous week, revealed general FOMC members consensus over modest growth of US economy with some slowdown in the labor market, which is expected to improve during following months. It has been noted slowdown in fixed business […]

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EUR/USD closed at 1.1049. Us unemployment rate rose to 4.9%.

EUR/USD finished slightly lower today. The pair closed at 1.1049, which is 0.11% below the previous close. While the Asian shares posted moderate losses today, the European and U.S. markets finished higher. Below is presented the performance of major indices: FTSE 100 closed at 6,590.64, up 0.87%. CAC 40 rose 1.77% finishing at 4,190.68. Euro Stoxx 50 closed at 2,838.01, climbing 2.08%. DJIA increased 1.40% finishing at 18,146.74. Nasdaq Composite finished at 4,956.76, up 1.64%. S&P 500 closed at 2,129.90, […]

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EUR/USD down 0.30%. Oil prices dropped almost 5% on US crude inventory data.

EUR/USD finished lower today. As of 6:00 PM EDT the pair was trading at 1.1062, which is 0.30% lower than the previous close. Global shares were mixed today. Below is presented the performance of major indices: Shanghai Composite closed at 3,016.85, almost unchanged. Nikkei 225 lost 0.67% finishing at 15,276.24. FTSE 100 closed at 6,533.79, up 1.09%. Euro Stoxx 50 rose 0.68% finishing at 2,780.10. DJIA fell 0.13% closing at 17,895.88. Nasdaq Composite finished at 4,876.81, which represents 0.36% increase […]

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EUR/USD up 0.26%. Brent oil rose above $49.

EUR/USD had a volatile session today. As of 5:50 PM EDT the pair was trading at 1.1095, which is 0.26% higher than the previous close. Asian and European shares dropped today, while the US markets finished slightly higher. Below is presented the performance of major indices: Nikkei 225 closed at 15,378.99, down 1.85%. Hang Seng lost 1.23% finishing at 20,495.29. FTSE 100 closed at 6,463.59, which is 1.25% lower than the previous close. Euro Stoxx 50 fell 1.83% finishing at […]

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EUR/USD at 1.1067. Oil dropped more than 4%.

EUR/USD opened higher today but gradually declined throughout the day reaching the yesterday close. As of 6:00 PM EDT the pair was trading at 1.1067, which represents just 0.04% increase from the previous close. Global shares finished mostly lower today. Below is presented the performance of major indices: Nasdaq Composite closed at 3,006.39, rising 0.60%. Nikkei 225 lost 0.67% finishing at 15,669.33. FTSE 100 rose 0.35% closing at 6,545.37. Euro Stoxx 50 finished at 2,812.88, down 1.72%. DJIA fell 0.61% […]

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EUR/USD steady at 1.1149. Oil prices fell 1%.

EUR/USD was relatively stable today, fluctuating around the Friday’s close. The pair was trading at 1.1149 as of 6:00 PM EDT, unchanged from the previous close. Barclays analysts provided their outlook on EUR/USD today. “We are clinging to a bearish view. A move above resistance in the 1.1180 area would force us to turn neutral. For now, we are looking for a move lower in range towards initial targets near 1.0970 and then the 1.0910 lows. Further out, we see […]

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EUR USD Weekly Forecast 04-08 July 2016.

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Quo Vadis Europe? After Britons vote to leave, further economical prospectus for both countries will much depend on forthcoming split-negotiations that should start soon after UK officially invoke Article 50 of Lisbon`s Treaty. ECB Council member Coeure commented during previous week that Brexit will have negative consequences on Euro Zone growth but the extent of it cannot be fully estimated at this moment. This implies also that any changes in ECB monetary policy cannot be currently foreseen. Coeure additionally noted […]

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EUR/USD rose 0.32%. Eurozone Unemployment dropped to its lowest level since 2011.

EUR/USD rose today. The currency pair was trading at 1.1135 as of 5:00 PM EDT, which represents 0.35% increase from the previous close. The pair has slightly recovered during this week after a huge decline on Friday after Brexit vote. Global shares finished moderately higher today, representing the fourth day of consecutive gains. Below is presented the performance of major indices: Shanghai Composite closed at 2,932.48, up just 0.10%. Nikkei 225 rose 0.68% finishing at 15,682.48. FTSE 100 gained 1.13% […]

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EUR/USD at 1.1096. Oil below $50. US initial claims rose to 268,000.

EUR/USD slightly declined today. As of 6:00 PM EDT the currency pair was trading at 1.1096, which is 0.25% lower than the previous close. Global shares were mostly up today. While the Asian shares rose only slightly, the European and US   shares climbed more than 1%. Below is presented the performance of major indices: FTSE 100 closed at 6,504.33, up 2.27%. CAC 40 rose 1.00% finishing at 4,237.48. Euro Stoxx 50 closed at 2,864.74, which is 1.15% higher than the […]

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EUR/USD rose for a second day in a row. US stockpiles dropped much more than expected.

EUR/USD rose today, following a slight increase yesterday. As of 5:00 PM EDT the pair was trading at 1.1124, which is 0.44% higher than the previous close. Global shares rose today for a second day in a row. Below is presented the performance of major European and US indices: FTSE 100 climbed 3.58% finishing at 6,360.06. CAC 40 closed at 4,195.32, up 2.60%. Euro Stoxx 50 rose 2.66% finishing at 2,832.18. DJIA closed at 17,694.68, which is 1.64% higher than […]

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