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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 Technical Analysis: December Lows Under Pressure
EUR/GBP Technical Analysis: Short Position Now in Play
EUR/JPY Technical Analysis: Digesting Losses Near 145.00
Caution Holding Euro, USD, and Yen Positions as Borrowing Costs Rise
The end of the calendar year threatens to force a liquidity crunch in US Dollar markets, and traders should note risks of elevated financing costs in major FX pairs.
Up 2 Points, Sweden’s Economic Tendency Survey Reaches Yearly High
Sweden’s Economic Tendency Survey reveals growing consumer confidence despite decelerating growth. Evening Star formation suggests potential top for EURSEK.
US Dollar Once Again Looks like a Buy versus Euro, Major Currencies
The US Dollar once again looks like a buy versus the Euro and other FX counterparts as a sharp shift in sentiment points to gains. Here’s what we’re watching.
Euro Poised to Test Multi-Year Lows versus Dollar
The Euro has turned sharply lower, and our sample of retail FX traders shows that crowds have bought aggressively into the EURUSD slide. A contrarian view keeps us watching for fu...
Dollar Rally Post-FOMC Bolstered by Surprise SNB Action
Market participants would be wise not to dismiss the possibility of a Fed rate hike in June 2015.
Swiss Franc Plummets After SNB Introduces Negative Interest Rates
EUR/CHF soared after the SNB surprised the market by announcing negative rates, and reiterating it will defend the 1.20 floor with the “utmost determination”
Swiss Franc Sinks as SNB Surprises with Negative Interest Rates
The Swiss Franc tumbled against the major currencies after the Swiss National Bank unexpectedly dropped interest rates into negative territory.

Euro Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Dec 16
10:00
EUR German ZEW Survey (Economic Sentiment) (DEC) 34.9 20.0 11.5
Fri
Dec 19
11:00
EUR ECB Announces 3 Year LTRO Repayment

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.