The euro did well

16 December, 2014

The Eurocurrency needs very little for happiness: good statistics - and the main currency pair jumps up.

On Tuesday, data on the information from the private sector by Markit Economics came out. So, in December, the composite output index rose to 51.7 points in the euro area, up from November's 51.1 points. This is the maximum value of the indicator in two months. Manufacturing PMI rose to 50.8 points from 50.1 points. There we saw a maximum of five months.

Investors were also supported by the statistics from Germany. Thus, the economic sentiment index rose to 34.9 points in December versus 23.4 points previously. This is the peak since May of this year.

On this positive note, without any "ifs" the EUR/USD pair strengthened.

Further, most likely, the market volatility will increase. Today starts a two-day meeting of the US Federal Reserve, the final one this year. On the decisions made at this meeting, and the follow-up comments will dependent the dynamics of the euro/dollar by the end of the month.
 
RoboForex Analytical Department


Source  
The pound is strengthening for the second day7 Oct, 2015  

The British Pound continues to grow on Wednesday. The currency is rather actively moving away from the previous local minimum. The current quotation of the GBP/USD pair is 1.5310. No one is talking about the pound moving above 1.55 yet there are too many external risks to which investors are not paying attention...

The yen sharply strengthened10 Jun, 2015  

On Wednesday, the Japanese yen sharply strengthened in trading. Correction of the long-term low started on Monday, but enthusiasm by itself was not enough. And this morning there was a reason to continue selling in the USD/JPY pair...

The euro doesn’t get tired of updating the peaks7 May, 2015  

Yesterday the euro/dollar "took advantage" of weak statistics from ADP in the US and moved up to new highs...


The Yen has slowed its growth27 Mar, 2015  

By the end of the week the USD/JPY pair stopped falling as significantly as was observed...

The euro is falling again10 Mar, 2015  

After a short pause, the main currency pair is dropping again – sympathy of investors remains...

The euro meets February in equilibrium2 Feb, 2015  

After a frantic and nervous January the euro/dollar seems to have...


Forex Technical Analysis 10.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)10 Nov, 2014  

Euro has returned to test triangle pattern from below. We think, today the price may fall towards level of 1.2400 and then form a consolidation channel. If later the channel is broken downwards, the pair may move downwards to reach level of 1.2200...

Forex Forecast 20.10.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)20 Oct, 2014  

Euro is forming the third ascending structure. We think, today the price may reach the target at level of 1.2900 and then start a new correction towards 1.2670...

Forex Technical Analysis 31.07.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)31 Jul, 2014  

Euro has started its ascending movement under the influence of recent news. Basic scenario is that price may start moving towards level of 1.3590 with the first target at level of 1.3400...