EUR/USD dropped initially today but has rebounded since then to trade near the opening level. Traders were reluctant to open new positions before the outcome of the
US GDP rose 3.1% in Q1 2019 according to the third and final estimate — unchanged from the preliminary figure and matching expectations. GDP rose 2.2% in Q4 2019. (Event A on the chart.)
Seasonally adjusted initial jobless claims climbed to 227k last week from the previous week’s revised level of 217k. Analysts were expecting a smaller increase to 220k. (Event A on the chart.)
Pending home sales rose 1.1% in May from April, exactly in line with forecasts. The sales were down 1.5% in the previous month. (Event B on the chart.)
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