EUR/USD posted a significant intraday spike following a disappointing weekly US jobless data report combined with a mixed sentiment indicator. The currency pair rebounded during the next 15 minutes and went into a downtrend for 2 hours more, spurred by the
Initial jobless claims rose from 247k to 260k during the last week. The growth exceeded the median forecasts of 250k claims. (Event A on the chart.)
Philadelphia Fed manufacturing index fell from 12 to 9.7 in October. Although the sentiment index decreased, it was above the forecast value of 5 and still remains in positive territory, which is a good thing for dollar bulls. (Event A on the chart.)
Existing home sales were at the seasonally adjusted annual rate of 5.47 million units in September — up from the August’s value of 5.3 million, and also well above the median forecast of 5.35 million. (Event B on the chart.)
US leading indicators increased by 0.2% in September after decreasing by 0.2% a month earlier. The current growth has been expected by the markets. (Event B on the chart.)
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