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EUR/USD Stable During Holiday Trading

EUR/USD was stable today as trading continued to be thin during the Christmas-New Year holiday period. Economic data in the United States was mixed. The housing market continued to show strength, while the manufacturing sector demonstrated slower growth.

S&P/Case-Shiller home price index rose 6.4% in October, year-on-year. That was a faster growth than was predicted in analysts (6.3%) and registered in the previous months (6.2%). Month-over-month, the index was up 0.2%. (Event A on the chart.)

Richmond Fed manufacturing index fell to 20 in December from the record high level of 30 in November. The median forecast was at 22. (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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