Posts Tagged ‘ empire state ’
Empire State Manufacturing survey printed in line with expectations today increasing to 19.57 from 19.11 in May. This was the 11th consecutive positive monthly reading for the survey suggesting that manufacturing continues to expand. The employment sub component of the survey weakened slipping to 12.35 from 22.37 but the workweek index expanded indicating that [ READ MORE ]
EUR/USD went down today before the a group of important macroeconomic reports were released. After release, the currency pair corrected up slightly. It’s now trading near 1.3564. Initial jobless claims went up by 24k to 484k last week. They were expected to decline to 440k instead. Net foreign purchases of the U.S. long-term securities were at $47.1 billion in February — up from $15 billion in January. The forecasts were near $29.7 [ READ MORE ]
EUR/USD declined rapidly today as the European aid to the troubled Greece meets new obstacles, pushing the Eurozone’s currency down against the U.S. dollar. The macroeconomic releases from United States showed some stagnation in all three indicators, reducing the market’s optimism about the global economy. EUR/USD is now trading near 1.3659. NY Empire State manufacturing index declined from 24.9 to 22.9 in March, signaling a slightly slower rate of improvement [ READ MORE ]
The dollar erased yesterday’s advanced versus the euro as better than expected corporate earnings brought risk appetite back to trading markets as speculations suggested that euro losses would be too significant compared to the size and the relevance of the Greek economy in the EU. The dollar fell despite positive domestic data and the EUR/USD currency pair currently trades at 1.3668. N.Y. Empire State Manufacturing index increased to 24.9 in February from a previous reading of 15.9 [ READ MORE ]
The EUR/USD currency pair declined considerably today as China’s lending policy is tightening, declining demand for higher-yielding options in trading markets and bringing investors to purchase dollar and yen-priced assets. The euro declined versus the greenback and the several other currencies as Greece’s financial conditions continues to deteriorate and raise concerns among traders investing in the region. EUR/USD is towards the end of this weekly trading session posting a slight decline and trading at 1.4365. N.Y. Empire [ READ MORE ]
The EUR/USD currency pair continued to fall today as optimism towards the U.S. economy and a change in Federal Reserve monetary policy attracted more investors to purchased dollar-priced assets. In Europe, a frustrating economic sentiment report forced the European common currency down versus most of the main traded options in foreign-exchange markets and touched the lowest rate versus the greenback in two months. EUR/USD remains bearish at a current level of 1.4555. Producer Price Index (PPI) rose [ READ MORE ]
The dollar traded lower against the euro during the trading session today and came close to the euro’s major resistance level near 1.5000. EUR/USD benefits from the unexpected jump in the retail sales reported for October, ignoring the disappointing data on the manufacturing sentiment index. The currency pair is currently trading near 1.4975, maintaining a strong long-term bullish trend. U.S. retail sales increased at a seasonally adjusted rate of 1.4% in October after falling by [ READ MORE ]
The U.S. dollar rebounded against the euro today as the U.S. economic reports were very positive. The EUR/USD correction can only be explained as a technical one, which follows the similar correction on the U.S. stock market. EUR/USD is now trading at 1.4895 after reaching a new yearly maximum at 1.4966. Consumer Price Index (CPI) increased by 0.2% in U.S. in September. Traders expected the same value from this report. It was [ READ MORE ]
EUR/USD is down today even with the optimistic reports from both Eurozone and United States coming out. The currency pair is currently forming an inside bar chart pattern from the technical point of view. I believe we are back to a more “normal” logic where USD is benefiting from good U.S. fundamentals and the growing stock market. EUR/USD is now trading at 1.4586. Advance retail sales report for August [ READ MORE ]
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