The EUR/USD progressed to fall today following yesterday’s acute decrease, though today’s fall was a bit smaller. The US economic report was not specifically fine, but this didn’t hinder market attendants from speculating about a possible interest rate rise from the Federal Reserve.

Philadelphia Fed manufacturing indicator was at -1.8 in May, downward from -1.6 in April. The definite reading was far from forecasts’ predictions of 3.2. (Event A on the chart.)

Initial unemployment claims decreased from 294k to 278k the previous week, in alignment with analysts of 276k. (Event A on the chart.)

Leading index increased 0.6% in April — a huge rise than 0.4% anticipated by forecasters. The prior month’s reading was adjusted from the rise by 0.2% to a zero revision. (Event B on the chart.)

The EUR USD Progress to Fall

Mike N
Mike N

Financial Trading Systems Design Expert

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