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EUR/USD Advances, Struggles to Keep Gains

July 30, 2013

EUR/USD advanced today, but currently it is moving down. The rally followed the better-than-expected consumer confidence report from Germany. (Event A on the chart.) The currency pair has trouble maintaining gains even though data from the United States was disappointing.

S&P/Case-Shiller home price index rose 2.4% to 156.14 in May from April. The annual was at 12.2% in May, compared to 12.1% in April and the consensus forecast of 12.4%. (Event B on the chart.)

Consumer confidence fell from 82.1 in June to 80.3 in July. It was noticeably below the forecast value of 81.1. (Event C on the chart.)

EUR/USD for 2013-07-30

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