Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders

Archives

EUR/USD Flat Despite Positive US Macro Reports

March 25, 2021 by

EUR/USD has been trading flat during Thursday’s trading. While the currency pair dipped following the release of better-than-expected reports on GDP and unemployment claims, it bounced afterward, trading near the opening level at the time of writing.

USD GDP rose by 4.3% in Q4 2020 according to the third and final estimate. Markets were expecting the same 4.1% reading as in the preliminary estimate. The indicator surged by 33.4% in Q3. (Event A on the chart.)

Initial jobless claims were at 684k last week, seasonally adjusted, down from the previous week’s revised level of 781k (770k before the revision). Markets were expecting a smaller decrease to 727k. (Event A on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

Leave a Reply

required
required (will not be published)