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EUR (Euro)

The Euro is the 2nd most popular reserve currency in the world, behind only the US Dollar; and it is also the 2nd most commonly traded currency in the world. In March of 2013, with nearly €920 Billion in circulation, the EUR became the most circulated currency in the world.

EUR News and Analysis

EUR/USD Drops Sharply from Slope Confluence
Dollar Forecast Improves, Indicator Shows it May Rally Across the Board
The US Dollar has held key support levels versus the Euro, Sterling, and Japanese Yen. Here’s why it might continue higher against most major FX counterparts.
Euro Forecast Unclear – Here’s What we Need to See
The Euro continues to trade in a choppy price range versus the US Dollar, and our retail FX positioning data shows that ‘the crowd’ remains net-short.
US Dollar Rally Stalls as Q2’15 US GDP Brings Mixed Bag
Q2’15 US GDP just missed expectations, but with other data improved, the reaction in EURUSD was quite fickle.
USDOLLAR Index Consolidates in Bull Flag Post-FOMC
Yesterday's FOMC turned out largely as expected, meaning today's US economic data will carry a bit more weight.
EUR/USD to Eye July Low on Strong 2Q U.S. GDP Report
A marked rebound in U.S. GDP may push EUR/USD to give back the rebound from earlier this month as it boosts bets for a Fed rate hike in 2015.
US Dollar May Rise as 2Q GDP Data Boosts Fed Rate Speculation
The US Dollar may rise as an upbeat second-quarter GDP report reinforces yesterday’s hawkish shift in FOMC rhetoric and fuels on-coming rate hike speculation.
EUR/USD Technical Analysis: Short Trade Setup Established
EUR/GBP Technical Analysis: Sellers Aim Below 0.70 Mark
EUR/JPY Technical Analysis: Euro Down Trend Resuming?

Euro Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Jul 30
EUR German Unemployment Change (JUL) 9K -5K 1K
EUR German Unemployment Rate s.a. (JUL) 6.4% 6.4% 6.4%
EUR German Consumer Price Index (YoY) (JUL P) 0.2% 0.3% 0.3%
EUR German Consumer Price Index - EU Harmonised (YoY) (JUL P) 0.1% 0.1% 0.1%
Jul 31
EUR Euro-Zone Consumer Price Index Estimate (YoY) (JUL) 0.2% 0.2%
EUR Euro-Zone Consumer Price Index - Core (YoY) (JUL A) 0.8% 0.8%

The Euro is the official currency of the Eurozone, which consists of 17 of the 28 member states of the European Union. An additional five European countries employ the Euro, and 175 Million people use currencies pegged to the Euro for a total of over 500,000,000 using Euros or Euro-pegged currencies.

The Euro came into existence on January 1, 1999 as an accounting currency; and entered circulation on January 1, 2002. Since then, it has experienced quite the ride facing a low of .8252 against the US Dollar and a high of 1.6038.

The 2009 European Debt Crisis has brought considerable volatility to currency markets, especially the Euro. Continuing economic concerns in Eurozone nations such as Spain, Portugal, Greece, Italy, and Ireland make for a very opaque picture of future prospects in the Super-National economy. The European Central Bank is tasked with the prospect of managing monetary policy for the 17 member states, which can often present conflicting economic data points.

The large roles of Germany, France, Italy, and Spain mean that these economies can carry a heightened importance in the trading activity of the currency.