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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: Will the Dollar Continue to Dominate the Majors?
After a whirlwind week including the FOMC decision, an ECB stimulus and near-miss UK split; the Dollar has conspicuously ended the week on a strong foot. Will the Greenback bull t...
Video: Evaluating Dollar, S&P 500 and Volatility Trends
Are there new bearings or are their lasting currents that are set to retake the reins moving forward?
Euro at Potentially Significant Turning Point
The Euro tumbled to fresh lows versus the high-flying US Dollar on a week of bad news for Europe and much better developments out of the US. But why might the Euro/Dollar exchange rate be at risk of an important bounce?
Volume Figures Not Supporting Most Recent Leg Down in Euro
Downtrend near fatigue?
Video: EURCHF Setup Looks Even Better After ECB, SNB Actions
One of my favorite setups doesn't have the flash of event risk or high volatility
EUR/USD Technical Analysis: Euro May Be Set to Bounce
Video: A Look at Euro, Pound, Yen And Dollar After Explosive Event Risk
Nonetheless, as these high-level event risks pass; the short-term anxiety and volatility in uncertainty ease.
Euro at Potentially Significant Turning Point
But why might the Euro/Dollar exchange rate be at risk of an important bounce?
EUR/GBP Technical Analysis: July Bottom Under Pressure
EUR/USD ‘Snapback’ Coming?

Euro Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Sep 23
07:30
EUR Markit German Purchasing Manager Index Manufacturing (SEP P) 51.2 51.4
07:30
EUR Markit German Purchasing Manager Index Services (SEP P) 54.6 54.9
07:30
EUR Markit German Purchasing Manager Index Composite (SEP P) 53.5 53.7
08:00
EUR Markit Euro-Zone Purchasing Manager Index Manufacturing (SEP P) 50.6 50.7
08:00
EUR Markit Euro-Zone Purchasing Manager Index Services (SEP P) 53.0 53.1
08:00
EUR Markit Euro-Zone Purchasing Manager Index Composite (SEP P) 52.5 52.5
Wed
Sep 24
08:00
EUR German IFO - Business Climate (SEP) 105.8 106.3
08:00
EUR German IFO - Current Assessment (SEP) -- 111.1
08:00
EUR German IFO - Expectations (SEP) -- 101.7

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.