Major factors to affect the trading of the EUR/USD for the week ending September 28th, 2012 are as under:

On Monday, September 24^th, 2012, data on IFO business climate, expectations and current assessment was reported in Germany. United States came up with data on manufacturing activity while US Federal Reserve’s official Williams addressed at event at City Club of San Francisco.

On Tuesday, September 25^th, 2012, data on Gfk consumer confidence survey was published in Germany while France reported its data on production outlook indicator, business confidence indicator and own company production outlook. In Italy data on consumer confidence and hourly wages was published while the Italy’s central bank auctioned its bonds to be matured in 2014, 2016 and 2021. Moreover, ECB President, Mario Draghi and German Chancellor Angela Merkel met to discuss region’s monetary issues.

In United States, S&P/Case-Shille home price index along with Richmond Fed manufacturing index was released. United States also released its data on consumer confidence while US Federal Reserve’s official Plosser also spoke on economic outlook in Philadelphia.

On Wednesday, Germany reported its data on consumer price index. United States published its report on new home sales and MBA mortgage applications while the Energy Information Administration released its inventories data on crude oil, gasoline and distillates.

On Thursday, September 27^th, Germany will report its data on import price index, unemployment rate, unemployment change and M3 money supply while in the euro zone, figures on services confidence, business climate indicator, economic confidence, industrial confidence and consumer confidence will be reported.

United States will report its data on continuing claims, core personal consumption expenditure, gross domestic product, personal consumption, initial jobless claims, durable goods orders, pending home sales and preliminary benchmark revision to establishment employment. The EIA will also report its data on natural gas supplies.

On Friday, September 28^th, 2012, France is expected to release its data on gross domestic product, retail sales and consumer prices index estimate. In United States, data on personal consumption expenditure, personal spending, personal income, purchasing managers’ index and confidence index by University of Michigan will be released.

The euro gained against the US dollar on Wednesday as the gossip regarding the huge bond purchases by the European Central Bank created upbeat sentiments for the single currency. The euro gained to 1.2596 against the US dollar on Wednesday as compared to 1.2568 on Tuesday’s North American trading session. The pair EUR/USD touched the intraday high of 1.2624.

Important economic events to affect the pair EUR/USD for the week ending September 7th, 2012 are as follows:

On Monday, September 3^rd, markets remained closed in United in observance of Labor Day while in euro zone, Italy, Germany and France reported their data on purchasing managers’ index for manufacturing sector while a separate PMI was released for the single currency region.

On Tuesday, September 4^th, 2012, data on producer price index was released in the euro zone while United States came up with data on purchasing managers’ index and construction spending. Institute of Supply and Management and also released its manufacturing data and figure on prices paid.

On Wednesday, data on vehicle sales, MBA mortgage applications, unit labor costs and non-farm productivity will be published in United States while in the euro zone, Italy, France and Germany will release its figures on purchasing managers’ index for services sector while a separate PMI for services sector will be released for the euro zone. The single currency region will also publish its data on retail sales.

On Thursday, September 6^th, 2012, data on gross domestic product, household consumption, government expenditure and gross fixed capital will be released in the euro zone while the European Central Bank will announce its interest rate decision. Germany will also report data on its factory orders. In United States, official data on job cuts, consumer outlook index, employment change, initial jobless claims, continuing claims and manufacturing data by Institute of Management and Supply will be published. Moreover, the Energy Information Administration will release its weekly inventories report on crude oil, gasoline, distillates and natural gas.

On Friday, September 7^th, 2012, Germany is expected to report its data on wholesale price index, trade balance, labor costs, current account, imports, exports and industrial production. In United States, data on change in manufacturing payrolls, full time employment change, unemployment rate, average hourly earnings, change household employment, underemployment rate, change in private payrolls and change in average hourly earnings is to be released.

Major factors to affect the trading of the pair EUR/USD  for the week ending August 31st, 2012 are as under:

On Monday, August 27^th, 2012, data on Germany’s import price index, IFO expectations, IFO current assessment and IFO Business Climate was published. France reported net change in jobseekers data. In United States, Dallas’s Federal Reserve reported its manufacturing activity.

On Tuesday, August 28^th, 2012, Gfk consumer confidence survey was published in Germany while data on M3 money supply was reported for the euro zone. In United States, S&P/Case-Shiller home price index and S&P/Case-Shiller composite 20 index was released. Data on consumer confidence and manufacturing index was also reported in the US.

On Wednesday, August 29^th, data on consumer price index will published in Germany while in the United States, several indicators are expected which will include data on MBA mortgage applications, core personal consumption expenditure, gross domestic product figure, data on personal consumption and data on pending home sales. US Federal Reserve will publish its Beige book economic survey while US Energy Department will report inventories data for crude oil, gasoline and distillates.

On Thursday, August 30^th, 2012, Germany will report its unemployment rate and data on unemployment change. In the euro zone, data on services confidence, industrial confidence, economic confidence, consumer confidence and business climate indicator is to be published. United States will report its data on continuing claims, initial jobless claims, personal consumption expenditure, personal spending and personal income. Kansas City Federal Reserve reported its data on manufacturing activity while Energy Information Administration will report its data on natural gas supplies.

On Friday, August 31^st, 2012, data on retail sales will be reported in Germany while Italy will come up with figure of unemployment rate. In the euro zone, data on consumer price index and unemployment rate is expected. Moreover, International Monetary Fund’s official Lagarde will address at Jackson Hole Economic Policy Symposium.

In United States, data on factory orders and Chicago’s purchasing managers’ index is to be reported while University of Michigan will publish its report on consumer confidence. US Federal Reserve’s Chairman will also address at Jackson Hole Economic Policy Symposium.

The euro fell to its lowest in last five weeks on Thursday as the European Central Bank announced reduction in key interest rate while the Bank of England decided to go for more monetary stimulus measures. Investors were hoping that the ECB would increase its bond purchases but an opposite decision was announced which created panic among investors for the single currency.

The People’s Bank of China also announced additional quantitative easing measures. Senior currency strategist, Michael Woolfolk from the Bank of New York Mellon commented, “Following this morning’s actions by the ECB and the BOE, it is difficult not to be bullish on the near-term prospects for the U.S. dollar amid ongoing crisis in Europe.”

The dollar index DXY which tracks the greenback’s movement against its major six rival currencies gained to 82.826 on Thursday as compared to 82.132 on Wednesday’s North American trading session.

Weekly outlook for the pair EUR/USD for the period ending July 6th, 2012, are as under:

On Monday, July 2^nd, Italy, France and Germany released their purchasing managers’ index for manufacturing sector while separate PMI was reported for the euro region.  Moreover, unemployment rate for the euro zone and Italy was reported. In United States, data on ISM manufacturing, ISM prices paid, construction spending and PMI was published. Further US Federal Reserve’s official Williams addressed at an event in San Francisco.

On Tuesday, the euro zone reported its producer price index while in United States data on factory orders and New York’s ISM was published.

On Wednesday, July 4^th, 2012, markets in United States remained closed in observance of Independence Day while In the euro zone, PMI for services sector was released in Italy, France and Germany. A separate PMI composite was released in the euro zone along with data on retail sales. Italy also reported its deficit to GDP ratio.

Today on Thursday, in the euro zone, Germany came up with data on factory orders while the European Central Bank released its interest rate decision. In the United States, data on MBA mortgage applications, job cuts, ADP employment change, continuing claims, initial jobless claims and data on ISM’s non-manufacturing composite index is to be reported. Moreover, the Energy Information Administration is expected to release its report on crude oil, gasoline and distillates inventories.

On Friday, July 6^th, 2012, Germany will report its data on industrial production in the euro zone. In United States, data on household employment change, net change in employment, change in manufacturing payrolls, unemployment rate, average hourly earnings, private payrolls, non-farm payrolls, underemployment rate, average weekly hours and participation rate will be reported. Moreover, the EIA will release its report on natural gas inventories.