Yesterday’s trading day turned out quite unusual for the EUR/USD pair. Before the release of US market data, the trade proceeded steadily and calmly. However, once the afternoon data came in, the volatility on the market increased substantially. Eventually, the price of the pair went up slightly from its previous level of 1.0858, and ended up at 1.0900.
Ambiguous data from the US somewhat confused the traders, which led to rapid price changes during the second half of the trading day. Still, it is too early to draw conclusions, as employment data is due this Friday, which will ultimately dot the i’s and cross the t’s. (more…)
The yesterday’s day was fairly active for the pair. During the day, the pair declined slightly before the performance with respect to the Fed interest rate. The beginning of trading pointed at the level of 1.1069, and the pair gradually decreased to the level of 1.1030. After the release of data from the US the pair jumped up a little, and then continued downward movement. (more…)
The Dollar/ Euro
For the American currency this week, including today, may be critical. Because of its momentum that made possible for is to finish last week notably above all other G10 countries currencies, including Euro. Also it’s still possible for a dollar to continue moving in this direction, but the negotiations still outgoing in Greece and their results and also the anticipation of well-known labor market in America can make a really notable difference. So the week was shaping to be rather quiet, with its quite limited risks of the economic surprises. (more…)