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EUR/USD Flat After Mixed US Data

EUR/USD was flat today following mixed US data. While the currency pair halted its rally that it has started at the beginning of the week, so far EUR/USD was still trading 1.1% higher on the week.

US GDP rose at the annual rate of 3.2% in Q3 2017 according to the final estimate. Analysts had expected the same 3.3% increase as in the preliminary estimate. GDP grew by 3.1% in Q2. (Event A on the chart.)

Philadelphia Fed manufacturing index climbed from 22.7 in November to 26.2 in December instead of falling to 21.5 as analysts had predicted. (Event A on the chart.)

Initial jobless claims climbed from 225k to 245k (seasonally adjusted) last week. That was a far bigger increase than was predicted by experts, who expected a gain to just 232k. (Event A on the chart.)

Leading indicators increased by 0.4% in November, exactly as was forecast by specialists, following the 1.2% increase in October. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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