The EUR/USD was exchanging in a comparatively narrow extent concurrently with an activity of the previous two trading periods as traders progressed to contemplate in reverse of an interest rate increase from the Federal Reserve. Yesterday’s announcement of Fed chief Janet Yellen provided no transparency to the controversy. The ongoing trading week is to some extent bright on economic info, signifying that the currency pair may have problems in constituting a precise trend.
Nonfarm productivity decreased 0.6% in Q1 2016, matching specialists’ predictions accurately, after decreasing 1.0% in the past three months. (Event A on the chart.)
Consumer credit increased $13.4 billion in April, missing the analysts’ moderate projection of $19.1 billion. The March rise was adjusted from $29.7 billion beneath to $28.4 billion. (Event B on the chart.)