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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

COT: Euro and Yen Positioning Near Record Levels
Euro and Japanese Yen COT are closing in on the record levels that were registered in June 2012 and December 2013.
Australian Dollar Confronts an RBA Decision with Heavy Speculation
The RBA rate decision due this morning is the first of five major central bank policy meetings this week. And, it also happens to carry some of the most market-moving potential.
EUR/USD Technical Analysis: Support Now Below 1.31 Figure
Trading Video: USDJPY Gaps, GBPUSD Reverses and SPX Ready to Break
Is the seasonal revival a spark for historically low activity rates? And, is scheduled event risk capable of generating lasting trends? We discuss that and more in today's Trading...
EUR/GBP Technical Analysis: July Swing Bottom Targeted
EUR/JPY Technical Analysis: Key Support Above 136.00 Mark
Scenarios for ECB, RBA and Other Central Bank Decisions This Week
There are five major central bank rate decisions scheduled this week, and most carry substantial potential for market volatility...
Fundamental Forecast: A Volatility Shift as Rate Decisions, NFPs Approach
Monday's trading session may be slow due to the US holiday, but we are marking a seasonal change in market activity...
EUR/USD Nears 1.3100 Floor With Bullish Candlesticks Absent
EUR/USD has maintained its downward trajectory after a bullish reversal pattern failed to find confirmation on the daily.
Euro Remains Vulnerable After Sinking to One-Year Low vs. US Dollar
The Euro may be vulnerable to deeper losses if German GDP and regional PMI figures are revised lower, fueling speculation about a looming expansion of ECB stimulus.

Euro Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
Sep 4
11:45
EUR European Central Bank Rate Decision (SEP 4) 0.15% 0.15%
12:30
EUR ECB's Draghi Holds Press Conference After Rate Decision

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.