Category Archives: Forex News

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The EUR/USD Declines After ECB

The EUR/USD declines after the European Central Bank administered a policy conference today. The ECB President Mario Draghi tried to prevent any disturbances, creating fairly unbiased comments. (Event B on the chart.) Still the display for the European economy prevailed somewhat discouraged, allowing incentive for merchants to sell the euro. As for US economic report, it was fairly stable today, past any huge shocks. ADP employment increased by 173k…

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The Swiss Franc Unfazed by Poor Economic Report

Switzerland’s economic report announced over Wednesday was fairly frustrating. It didn’t restrain the Swiss franc from profiting on the US dollar and the euro, though the latter is trying to conflict back. Switzerland actual gross domestic product increased 0.1% in the first quarter of 2016 from the past three months while specialists had anticipated a rise by 0.3%. Retail sales indicated a decrease by 2.4% in April from a year in…

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The EUR/USD Sessions While still Struggles to Increase Even Higher

The EUR/USD was increasing today and at the moment struggling to increase even higher. The US report announced over the trading period was diverse, with manufacturing indexes being pretty amazing while construction spending being at a great distant worse than predictions. Regularly altered Markit manufacturing PMI decreased just slightly from 50.8 in April to 50.7…

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The EUR/USD Decreases Sharply to Session Opening

The EUR/USD was increasing for the most part of the present trading period but has decreased sharply currently and is trading alongside the opening level as of presently. It is a surprising performance in view of that the couple of news announced earlier to the decrease were discouraging. Personal earnings and consumption increased in April. Earnings was up by 0.4%, the same as in March and corresponding predictions. Spending rose up by 1.0%,…

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