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EUR/USD Logs Marginal Loss Despite US Data

EUR/USD fell today despite disappointing macroeconomic data from the United States. The drop was marginal, though, and was not enough to erase yesterday’s gains, which were not big themselves.

Initial jobless claims rose to 241k last week from the previous week’s revised level of 238k, exactly as analysts expected. (Event A on the chart.)

Leading indicators rose 0.3% in May — a bit less than was predicted (0.4%). The April increase was revised from 0.3% down to 0.2%. (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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