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EUR/USD

A wide trade surplus, originating mostly from German exports, means that funds are flowing into the euro area. When markets are calm, this influx pushes the common currency higher. However, the eurozone has its share of economic and political issues and speculation takes its toll.
The ECB will halve bond-buys to 30 billion euros from January 2018. However, it left the door open to extending the QE program beyond September, and this hurt the euro. A weaker euro makes exports more attractive and p…
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EUR/USD

This week, there will be 4 monetary policy announcements and, with the European Union’s Summit & a U.S. tax conference, a highly volatile trading week can be expected and, yes, even anticipated by the forex market.
Last week, the USD ended the week stronger against all major currencies with the CAD & AUD leading losses. Despite generally healthy data, the EUR/USD fell every day of the past week . Though this could be attributed to the rise in the USD, the single currency is also pressured by Ger…
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