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  1. EUR/USD Risks Another Test of Key Support as U. of Michigan Improves

    by , 05-16-2014 at 11:34 AM
    - U. of Michigan Confidence to Improve for Second Consecutive Month.
    - Print of 84.5 Would Mark the Highest Reading Since July.

    Trading the News: U. of Michigan Confidence

    A second straight rise in the U. of Michigan Confidence survey may spur a further decline in the EUR/USD as the ongoing improvement in the worlds largest economy puts increased pressure on the Federal Reserve to normalize monetary policy sooner rather than later.

    Whats Expected: ...
  2. EUR/USD Euro Weakens As German Economic Sentiment Slips

    by , 05-13-2014 at 02:27 PM
    EUR/USD Euro Weakens As German Economic Sentiment Slips

    EUR/USD has softened on Tuesday, as the pair has finally broken out from its rangebound trading. In the European session, the pair has dipped close to the 1.37 line. The euro has reacted negatively to a dismal German ZEW Economic Sentiment, as the key indicator dropped to a 16-month low. Eurozone Economic Sentiment followed suit with a soft reading in April. In the US, todays highlights are Core Retail Sales and Retail Sales. ...