Forex, Markets, Macro Economic News Discussion.

[rosentray]

EUR/USD is trading lower today after a major blow to the pair last week. The US bulls are confident in Trump's policy regarding economic growth and they are having a rally in the equity and currency market. CMP 1.0757.

[rosentray]

EUR/USD is keeping a steady pace today in anticipation of the Michigan Conference later today. Price is now 1.0885 and it appears that the USD is getting momentum.

[rosentray]

EUR/USD kept depreciating today after yesterday's Election took the price below 1.10. The pair is now trading at 1.0894 as the USD is getting stronger by the day.

[rosentray]

EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.

[rosentray]

EUR/USD is faced with a tough choice today as we just entered the US elections! The polls are now open and we will have a new President in less than 10 hours!

[rosentray]

EUR/USD is trading lower today ahead of the US Presidential Election. Gold and Silver lost some of their price as traders and investors are backing the Greenback. Current market price: 1.1041 EUR/USD.

[rosentray]

EUR/USD is trading relatively unchanged today compared to yesterday's price. The pair has been caught in the range around 1.11. Market participants are anticipating the most important data of the month later today, namely the NFP's and Jobs report data.

[rosentray]

EUR/USD is trading lower today. It appears that the US dollar is losing ground, at least until tomorrow's NFP and Jobs report data. Current market price 1.1088 down from 1.1125.

[rosentray]

EUR/USD made a high of 1.1099 in the midst of market uncertainty. The US dollar appears to be losing strength over its competitors as December raise is becoming unlikely. Current market price: 1.1081.

[rosentray]

EUR/USD is trading relatively unchanged from yesterday's levels gravitating towards 1.0970. Important news are scheduled for today that may impact the pair. First resistance is seen at 1.10, while first support is seen at 1.0940.

[rosentray]

EUR/USD has been receiving mixed signals from both parties since Friday. The pair tried to go above 1.10 but was unsuccessful in sustaining the momentum and bears brought the pair down to current market price of 1.0958.

[rosentray]

The consolidation in EUR/USD continues to be present in the currency's early European trading today. The pair is now 1.0904 after yesterday's bullish attempt to climb higher failed due to not enough strength in yesterday's US data.

Durable Goods Orders turned out to be non-event and market participants witnessed only a slight reaction to the upside at 1.0942. After the initial boost, the pair lost momentum and fell to pre-event levels. Today is the fifth consecutive day of lite volume trading for the pair, as it has been holding to levels around 1.09 since the beginning of the week.
However, we have one more chance to see volatility today with the latest high impact US GDP data. Expectations are that the US GDP for Q3 will be 2.4%, prior to 1.4%.
If the data is positive, then we can expect a sharp drop in the pair that could lead us to levels around 1.0820. On the other hand, a disappointing report would help bulls to gain control and push prices higher.

[rosentray]

EUR/USD is gravitating towards 1.0900-1.0910. The pair is trading in light volumes as market participants are anticipating today US data, Durable Goods Orders, scheduled for 8:30 Eastern.

[rosentray]

EUR/USD has been trading in consolidation for the past few days gravitating towards 1.0880. Lite volumes indicate that the trend is exhausted, which means that either the pair is taking a breather before nose diving or that bulls are preparing at attack. Current market price 1.0887.

[Mike Cole]

Discussing the oil demand issue on the sidelines of the International Energy Week in Singapore, Fatih Birol has stated that the oil demand growth could potentially weaken further, in case the oil prices will continue rise.