The US dollar has begun today’s trading on a fragile basis but is reclaiming its stability presently. As an outcome, the EUR/USD was increasing earlier but presently is moving under, breaking beneath the starting level. Monday was silent in circumstances of main events and macroeconomic report from the US. European economic indexes announced today were assorted.

Glint Markit manufacturing PMI decreased from 50.8 in April to 50.5 in May. That was astonishment to analysts as they were predicting on a slight growth to 51.0. (Event A on the chart.)

On Friday, an announcement on current home sales was liberated, displaying a rise from the regularly altered annual estimate of 5.36 million in March to 5.45 million in April. The median prediction had assured a somewhat less profit to 5.40 million. (Not shown on the chart.)

The EUR USD Declines to Rally During Silent Period

Mike N
Mike N

Financial Trading Systems Design Expert

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