Home / Forex & Currency Exchange News / EUR/USD Resumes Rally After Losing Thursday’s Gains

EUR/USD Resumes Rally After Losing Thursday’s Gains

EUR/USD resumed its upward movement today after losing its gains yesterday. The currency pair retreated after US President Donald Trump said that he wants stronger dollar. Today, EUR/USD rebounded, though is struggling to keep gains right now.

Advance estimate for US GDP showed growth by 2.6% in Q4 2017. That was below the average forecast of a 3.0% increase and the 3.2% growth registered in Q3. (Event A on the chart.)

Durable goods orders increased by as much as 2.9% in December, far more than analysts had predicted — 0.9%. Furthermore, the previous month’s increase got a positive revision from 1.3% to 1.7%. (Event A 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

Large Speculators and the House of Pain

Large Speculators and the House of Pain

By The Gold Report Source: Michael J. Ballanger for Streetwise Reports   02/18/2018 Every bottom in gold is characterized by massive long liquidation by the Large Specs, precious metals analyst Michael Ballanger states. This week’s COT report once again confirms that the Large Speculators are arguably the stupidest group of gold traders in existence. To be […]

Leave a Reply

Your email address will not be published.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

css.php