Home / Forex & Currency Exchange News / EUR/USD Loses Gains, Driven Down by US Data

EUR/USD Loses Gains, Driven Down by US Data

EUR/USD rose today as the two-day meeting of the Federal Reserve started. The currency pair lost its gains, though, as basically all of today’s reports in the United State were good.

S&P/Case-Shiller home price index rose 5.7% in May, year-over-year. Analysts expected the same 5.8% rate of growth as in April. Month-on-month, the index was up 0.8%. (Event A on the chart.)

Richmond Fed manufacturing index rose to 14 in July from 11 in June (revised from 7). Experts predicted a reading of 7. (Event B on the chart.)

Consumer confidence climbed from 117.3 in June (revised down from 118.9) to 121.1 in July. Forecasters promised a drop to 116.5. (Event B on the chart.)

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

Posted on Forex blog. Click Here For Original Source Of The Article

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.

Check Also

Currency Futures Speculators added to US Dollar bearish positions for 3rd week

Currency Futures Speculators added to US Dollar bearish positions for 3rd week

By CountingPips.com – Get our weekly COT Reports by Email US Dollar net speculator positions declined to $-9.59 billion this week The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators continued to bet against the US […]

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php