Fundamental Analysis

EUR/USD trades steadily close to one-month highs as Euro zone’s inflation rate accelerates and unemployment falls

November 29, 2013 1:27 pm

The euro traded steadily against the US dollar on Friday, as reports on annual consumer inflation and rate of unemployment, released out of the Euro zone, added to the case that the European Central Bank (ECB) will probably abstain from additional stimulus measures. EUR/USD touched a session high at 1.3622 at 6:16 GMT, also the […] Read more

EUR/USD curbs upside movement, trades steadily close to 1.3600 after a string of mixed economic data out of the Euro zone

November 28, 2013 1:01 pm

The euro eased its upside movement against the US dollar on Thursday, coming off one-month highs, after the release of a string of mixed economic data out of the Euro zone. Having reached a fresh one-month high at 1.3618 at 9:00 GMT today, EUR/USD moved below the psychological level of 1.3600 to trade at 1.3592 […] Read more

Gold futures swing on Fed tapering bets, weaker dollar supports

November 28, 2013 9:45 am

Gold swung between gains and losses on Thursday after overall upbeat data from the U.S. on Wednesday reinforced speculations for an earlier-than-expected deceleration of Feds quantitative easing program. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, fell to the lowest since early 2009, adding to bearish sentiment. However, robust physical demand from China […] Read more

Copper futures regain positions on strong Europe data, Fed stimulus outlook weighs

November 27, 2013 11:01 am

Copper rose back to positive territory after trading mostly lower throughout the day as upbeat data from Germany and Great Britain supported the metals demand prospects while pressuring the U.S. dollar. Surprisingly positive housing data from the U.S. on Tuesday continued to underpin the market, but also spurred speculations for an earlier-than-projected deceleration of Feds […] Read more

EUR/USD reaches fresh one-month highs as German consumer confidence improves

November 27, 2013 9:49 am

The euro advanced to highs unseen in one month against the US dollar on Wednesday, drawing support by a Gfk survey on consumer confidence in Germany and as policymakers in Euro zones largest economy reached an accord to form a coalition government. EUR/USD climbed to a new daily high at 1.3613 at 9:40 GMT, also […] Read more

EUR/USD hits daily highs as German business climate sharply improves

November 22, 2013 10:51 am

The euro advanced to daily highs against the US dollar on Friday, after a report by the Ifo research institute revealed that business climate in Germany suddenly improved in November, while additional support for the common currency was still provided by comments made by European Central Bank (ECB) President Mario Draghi. EUR/USD hit a session […] Read more

EUR/USD remains on positive territory despite upbeat US initial jobless claims data

November 21, 2013 2:20 pm

The euro continued trading higher against the US dollar on Thursday, despite that the number of initial jobless claims in the United States dropped more than projected, while the index of producer prices met expectations, as the common currency was still supported by comments made by European Central Bank President Mario Draghi earlier in the […] Read more

WTI drops on Fed stimulus outlook, inventories, retail sales data support

November 21, 2013 8:15 am

West Texas Intermediate crude fell for a second day on Thursday after protocols from FOMCs October meeting revealed policy makers felt comfortable to scale back Feds monthly bond purchases in the next few months, if it was warranted by sustainable growth and the economic recovery proved resilient. Better-than-expected inventories data and retail sales released on […] Read more

EUR/USD remains on positive territory during late US session, as US data string disappoints

November 16, 2013 10:41 am

The euro continued trading higher against the US dollar during the late phase of US session on Friday, after a report showed that activity in US industrial sector contracted in October, while Fed Chair-nominee Janet Yellens dovish remarks still weighed on greenbacks demand. Having climbed to fresh daily highs at 1.3505 at 14:16 GMT, EUR/USD […] Read more

EUR/USD preserves losses after EZ GDP, US trade balance, initial jobless claims

November 14, 2013 2:24 pm

Having fallen to daily lows earlier, the euro continued trading lower against the US dollar on Thursday, as economic recovery in the Euro zone showed signs of a slowdown during the third quarter of the year, while US trade balance deficit widened in September and initial jobless claims decreased less than projected last week. After […] Read more