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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

Weekly Trading Forecast: NFPs, An ECB Rate Decision and Return of Liquidity
An extended holiday weekend for the US marks the end of the summer slump. Can seasonal shift leverage events like NFPs and an ECB decision to a more systemic change in volatility ...
Trading Video: EURUSD, SPX Face Heavy Event Risk and a Return Of Liquidity
In this weekend Trading Video, we look at the key catalysts on tap and the possibilities should the dam of complacency break.
Huge Week Ahead for Euro - Bounce Seems Likely
The Euro has now matched its longest weekly losing streak on record as the Dollar surges. Why do we think it’s at special risk of reversal in the coming week?
Negative Sentiment in EUR/USD Overstretched?
Reversal looks possible next week...
USD/JPY Triangle, EUR/JPY Inverse H&S Point to Weaker Yen Soon
The US Dollar looks like its in good condition even if it experiencing a small pullback, and the Euro could run higher as a result. Yet both EURJPY and USDJPY look like they want h...
EUR/USD Retreats As Key Reversal Pattern Left Lacking Confirmation
EUR/USD’s retreat has left a Bullish Engulfing pattern lacking confirmation and void of key reversal signals.
Euro Looking for a Lifeline in Inflation Data as ECB Meeting Looms
The Euro is looking for a lifeline in Augusts’ inflation data amid churning stimulus expansion bets ahead of next week’s ECB monetary policy announcement.
Slowing Euro CPI to Heighten Bearish EUR/USD Outlook Ahead of ECB
A greater threat for deflation may spark fresh lows in the EUR/USD as it puts increased pressure on the European Central Bank (ECB) to ease policy further.
Dollar Slips But Yet to Break Ahead of Key Inflation Data, Next Week’s ...
The onus for volatility will either rest with a major risk-based shift into the end of the week (highly unlikely) or the pickup in data next week (including NFPs) alongside a retur...
EUR/USD Technical Analysis: Corrective Bounce Seen Ahead

Euro Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
Aug 28
07:55
EUR German Unemployment Change (AUG) 2K -5K 12K
07:55
EUR German Unemployment Rate s.a. (AUG) 6.7% 6.7% 6.7%
12:00
EUR German Consumer Price Index (YoY) (AUG P) 0.8% 0.8% 0.8%
12:00
EUR German Consumer Price Index - EU Harmonised (YoY) (AUG P) 0.8% 0.8% 0.8%
Fri
Aug 29
09:00
EUR Euro-Zone Consumer Price Index Estimate (YoY) (AUG) 0.3% 0.3% 0.4%
09:00
EUR Euro-Zone Consumer Price Index - Core (YoY) (AUG A) 0.9% 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.