EUR/GBP News, Oct. 25-29, 2010

EUR/GBP The euro demonstrated a steady growth against the sterling last week. It opened at 0.8721 pounds last Monday, and it reached 0.8894 pounds closing price on Friday. This week started even higher – at 0.8901 and is currently at 0.8906 and going upwards. Economists say that this Monday, the pound fell to its weakest point for the past seven months against the euro as a result of a drop in mortgage approvals to the least since March last year. It is also speculated that the Bank of England may…

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EUR/USD News, Oct. 25-29, 2010

EUR/USD Last week was quite dramatic for the pair, as it demonstrated high fluctuations and instability. Last Monday the opening price of the euro against the dollar was 1.3951, and on Friday the pair closed the week at 1.3952. However, on Tuesday, the pair demonstrated an extreme drop of 0.0263 pips, which was quickly corrected the following day when the pair reached a closing price of 1.3975. This Monday, the euro’s opening price was 1.3961 dollars, and is currently trading at as high as 1.4010 dollars. Tuesday GfK German Consumer…

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EUR/USD News Oct 4-Oct 08, 2010

EUR/USD According to Reuters, “The euro hit a five-month high against the dollar and was on track for its best quarterly gains in eight years on Thursday as data showed euro zone banks are relying less on funds from the European Central Bank.” The indexes that came out last week had a positive effect on the euro: The German Consumer Climate, the French Consumer Spending, the German Unemployment Change all scored positive for the euro values which additionally boosted its growth. The euro continued its growth last week – its…

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EUR/USD News Sept 20-Sept 25, 2010

EUR/USD The euro last week recovered after a week of slump. On Monday, Sept. 13, it opened at 1.2758 per dollar and closed at 1.2863. On Tuesday, the euro scored the highest jump of 0.0132 pips, and the week ended at the closing price of 1.3048 dollars. This week started at 1.3042 – it is currently 1.3101 and moving upwards. Wednesday Industrial New Orders m/m, 10:00 a.m. GMT. The Industrial New Orders measure the change in the total value of new purchase orders. The index is important for traders because…

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EUR/USD News Sept 13-Sept 17, 2010

EUR/USD Last week, the pair drastically fell down although it attempted a temporary rise on Wednesday. On Monday, Sep.6, the euro opened at a price of 1.2887 dollars and by the end of the week, it reached the bottom of 1.2678. This week started a little more optimistic, as the opening price was 1.2758 and it is currently trading at 1.2828. Several economic indexes will determine the direction of the pair by the end of the week. Tuesday German ZEW Economic Sentiment, 10:00 a.m. GMT. The index is of a…

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