The euro traded mixed against the US dollar after today’s macroeconomic reports, gaining considerably before the European trading session started. Noteworthy is the fact that the EUR/USD reacted positively to the positive US reports and vice versa for the negative ones today.

ADP employment report showed a seasonally adjusted growth of the payrolls by 114k in July. This growth followed 157k advance in June. The forecast for the current report was at 100k. (Event A on the chart.)

Factory orders fell as expected — by 0.8% in June. The decline followed a growth of 0.6% in May. (Event B on the chart.)

ISM services PMI declined along with its manufacturing counterpart in July. It was down from 53.3% to 52.7%. A slight growth to 53.5% was forecasted. (Event B on the chart.)

Crude oil inventories and the total motor gasoline inventories continued to rise last week and added 1.0 million and 1.7 million barrels respectively. (Event C on the chart.)

Yesterday, June personal income and spending figures were released in the US. The former rose by 0.1% (vs. the 0.2% forecast and the same growth in May), while the latter fell by 0.2% (vs. the 0.1% gain forecast and the same growth a month before). (Not shown on the chart.)

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