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Euro Index Waiting for Direction of ECB President

fxbom.com
07:17 PM

In forex trading the European session this afternoon (19-12), the Euro is generally observed moving thin weakened against several other major currencies.

In the chart index Euros, the value of walking observed in the range 103.15, and shows the movement of a thin weakened around – 0.03% from opening price today (00:00 GMT).

Fxbom.com analysts argued that the Euro could potentially respond to the statement ECB president Mario Draghi is scheduled to deliver before exposure to the European Parliament’s Economic and Monetary Committee in Brussels, at 22:30 (GMT) later.

Flow of Funds Out Of Euro Area Rises, Euro Trying to Rebound

fxbom.com
07:09 PM

In trading pair EUR/USD European session this afternoon (19-12) tracked the Euro strengthened against the U.S. dollar rebounded and is in the range 1.3025.

Pair EUR/USD is still being monitored within the trading range is limited, although recent information about the indicators Current Account has just been released by the European Central Bank showed a decrease in performance in the foreign trade sector.

Reported that the ECB indicator October Current Account shows a deficit-7.5B previously expected to deteriorate into a-2.1b of the surplus value of the period September 2.2b.

Euro Moves Up Limited, Responding to the French Data Improvement

fxbom.com
10:02 PM

In European trading session today (15/12), it appears euro is moving to strengthen against currencies U.S. Dollar. Until now, the pair EUR / USD traded at around 1.3033, up 52 points (+0.40%) of the closure yesterday (14/12) at the position of 1.2982. Movement seems stronger euro is currently driven by improved economic data France, has just been released.

French Flash Manufacturing PMI recorded value of 48.7, better than expected worth of the previous period valued at 47.1 and 47.3. While the French Flash Services PMI data reportedly worth 50.2, also better than the previous expectation value of 49.1 and 49.6 for the previous period.

The Euro Slumped at Lowest Level in Over 2 Months

fxbom.com
10:11 AM

On this day the euro exchange rate continued the decline that occurred since last night (13/12). The euro fell back to its lowest in more than two months against the dollar after Moody’s Investors Service stated that the revised credit rating of the European Union countries will be done.

This agency states that a meeting of EU officials late last week failed to provide appropriate measures to overcome the financial crisis in Europe. Euphoria meeting of the European Union soon extinguished as evidenced by even stronger bond yields in the countries of the European Union in trade last night.