Euro Update

Based upon the price action in the financial markets on Friday, the U.S. retail sales report failed to impress traders and investors. There was no ambiguity in the strength of the consumer spending report yet equities and bonds ended the day virtually unchanged. In the currency market, the U.S. dollar rose initially following the report but gave back its g […]

Stronger U.S. retail sales numbers helped to drive the dollar higher against all of the major currencies.

Euro continued its short covering rally into the weekend, clearing the key 1.3740 level after several European officials lent their support to the creation of a European Monetary Fund that would be able to deal more effectively with future funding crises of its member nations. Both German Finance Minister Wolfgang Schaeuble and Eurogroup chairman Jean-Claude […]

It has been an extremely quiet day in the foreign exchange market with currency pairs such as the EUR/USD and USD/JPY confined within a 50 pip trading range. This contraction in volatility has been occurring in the EUR/USD for the past few weeks and signals that a breakout is imminent - tomorrow’s U.S. retail sales report will provide the perfect catalyst […]

U.S. and Canadian trade numbers for the month of January were much stronger than the market had anticipated but weakness beneath the U.S. trade report's headlines pushed the U.S. dollar sharply lower.