» Euro Gains in Forex Trading

Euro Gains in Forex Trading

US dollar falters in currency trading on the FX marketThe euro is gaining in forex trading, increasing its long position as the Fed’s interest rate decision is awaited for the US dollar.

The US dollar has been weakening a bit in currency trading after showing a strong run. And the euro is doing well in forex trading as inflation prompts speculation that a rate increase — rather than a rate decrease — could be in order.

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This entry was posted on Wednesday, June 25th, 2008 at 14:48 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Euro Gains in Forex Trading

Currency trading on the FX marketThe euro is on the rise in forex trading this morning as economic data bears out the idea that the eurozone economy remains in good condition. However, there are concerns that the eurozone economy is too diverse, and that it can’t rely solely on the strength of economies like Germany and France forever.

ActionForex reports on the help the euro is receiving in forex trading from GDP data:

Given today’s robust GDP data, traders will expect no change in posture from ECB chief Jean Claude Trichet at his monthly news conference this Thursday. Mr. Trichet is likely to maintain his hawkish tone signaling that the ECB monetary policy will remain restrictive for the time being.

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This entry was posted on Tuesday, June 3rd, 2008 at 14:15 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Euro Gains in Forex Trading

Currency trading with the euroEconomic data is favoring the euro in forex trading today. Currency trading with the euro should consider that the 15-nation currency is doing well on the FX market.

The US dollar, meanwhile, has stalled out in forex trading, and is now confined to tight ranges on the currency market. Oil prices are also doing their part to boost the euro against the US dollar.

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This entry was posted on Friday, May 16th, 2008 at 14:48 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Euro Gains in Forex Trading

Euro recovers slightly against the US dollar in currency tradingThe euro is back up in forex trading on the currency market this morning as the US dollar returns to rangebound trading ahead of this week’s economic calendar.

In currency trading, the 15-nation currency is up slightly after a US dollar comeback knocked it back significantly from a near-high last week, due in large part to German IFO data.

Now currency traders await US economic data that will  determine where EUR/USD goes from here.

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This entry was posted on Monday, April 28th, 2008 at 14:26 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Euro Gains in Forex Trading

Euro up against U.S. dollar, U.K. pound in currency tradingThe euro is making steady gains in forex trading this morning, especially against the U.S. dollar and the U.K. pound. In currency trading, both of these are hurt by economic uncertainty based, in large part, on the housing market and sluggish economic growth. The euro, however, is being supported by economic expansion. The Turkish Press reports on the euro, greenback and sterling on the FX market:


In midday European trade, the euro rose to 1.4769 dollars from 1.4721 dollars in New York late on Wednesday.

Against sterling, or the British pound, the euro struck a record high 74.81 pence as the market bet on further rate cutting by the Bank of England.

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Source : GFT Forex

This entry was posted on Thursday, January 3rd, 2008 at 14:36 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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