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EUR/USD September 20 – Steady After Recent Gains

EUR/USD is steady in Friday trading, taking a breather after Wednesday’s huge gains, as the Federal Reserve did not take any action regarding QE. The pair is trading in the mid-1.35 range in the European session. In economic news, the US posted strong data on Thursday, highlighted by a solid Unemployment Claims release. However, this was not enough to bolster the beleaguered US dollar. Friday has just one economic release – Eurozone Consumer Confidence. We could see some movement from EUR/USD as several Federal Reserve policymakers speak, including FOMC Member James Bullard, will address an event in New York City.

Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.

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EUR/USD July 11- Euro Rockets as Fed Divided over QE Tapering

EUR/USD July 11- Euro Rockets as Fed Divided over QE Tapering

The euro enjoyed a splendid Wednesday, jumping about 350 points against the US dollar. The dollar has recovered some of these losses on Thursday, as EUR/USD trades in the mid-1.30 range. The euro jumped following the release of the FOMC’s most recent policy meeting, which showed that Federal policymakers were divided over tapering QE. In economic news, US 10-year bonds jumped to their highest [&hellip

EUR/USD June 17 – Strong and Steady to Start Week

EUR/USD June 17 – Strong and Steady to Start Week

EUR/USD is starting off the new trading week quietly. The euro gained closed to one cent last week, and is trading in the mid-1.33 in Monday’s European session. Taking a look at Monday’s releases, it’s a  quiet start to the week. Eurozone releases started off with a whimper ,as today’s tow releases disappointed. Both Italian and Eurozone Trade Balances fell well [&hellip