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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

Economic Data Holding Back Euro as ECB Pleads for Weaker FX Rates

Despite the continued and prevalent threat of aggressive dovish policy action by the European Central Bank, the Euro remained buoyant against its major counterparts for the second...

Forex Weekly Trading Forecasts: A Return of Liquidity Likely to Revive Volat...

The holiday liquidity drain this week has not only curbed volatility, it has distorted trends - leading to a rebound in 'risk' and dollar. So, what happens when the markets are to...

Dollar Pushed to the Edge with Risk and Yields Raising the Stakes

Though its progress was restrained by the same liquidity drain that reined in risk trends, the dollar managed a broad recovery this past week.

Trading Video: A Return to Volatility for FX and Equity Markets Next Week

What could have come of the recent swell in risk aversion had the holiday liquidity drain not been there to curb the tide? We may not have to wonder too much longer.

Strategy Video: Major Medium-Term Breakout Opportunities

We focused on the medium-term trade potential for EURUSD in yesterday's Strategy video, yet this pair is just one of a number of assets setting up for a big move.

Key Risks to EUR, NZD, GBPAUD Scalp Setups

A recap of this week’s highlighted setups and updated targets heading into next week.

Forex: Market Activity Set for Pickup on Heavy Event Risk Next Week

A busy economic calendar is likely to fuel a pickup in financial market action next week after markets emerge from the Easter holiday lull in activity.

Euro Ready for a Short-term Breakout, Trend Revival When Liquidity Returns

Activity levels for EURUSD are extraordinary. Regardless of how we measure the trading conditions behind the market’s most liquid currency pair, we are left with an assessme...

Trading Video: Liquidity Delays EURUSD, GBPJPY, Yen Setups

Great trading opportunity lies ahead, but expectations must be reasonable for when and where we can act...

Strategy Video: A Medium-Term EURUSD Opportunity Takes Shape

The week opened with a bearish EURUSD gap and the backdrop is starting to align for a larger turn for this benchmark pair...

Euro Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Apr 15
09:00
EUR German ZEW Survey (Current Situation) (APR) 59.5 51.5 51.3
Wed
Apr 16
09:00
LIVE
EUR Euro-Zone Consumer Price Index (YoY) (MAR F) 0.5% 0.5% 0.5%

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.