EUR/USD is growing for the third day straight now. Although the gains are quite modest, the divergence indicators show that the current correction may turn into quite a large bullish wave for this currency pair. EUR/USD is currently trading at 1.368 — a gain of 37 pips from the today’s open.
Initial jobless claims posted an expected drop last week — they fell from 498,000 (upwardly revised from 497,000) to 478,000. The average forecast by the market analysts was at 475,000. It’s good sign for the U.S. employment market, but it’s barely enough to give a particle of confidence to the investors.
Wholesale inventories continued to grow in August and added 0.8% — almost twice slower than July’s 1.5% gain, but above the analysts’ forecast of 0.4%.