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EUR/USD Little Changed Despite Disappointing Eurozone Inflation, Positive US Data

January 17, 2019 by

EUR/USD was little changed today even after the inflation print released in the eurozone came out below expectations (event A on the chart), while US macroeconomic indicators surprised positively.

Philadelphia Fed manufacturing index jumped from the revised reading of 9.1 in December to 17.0 in January. Analysts had predicted a much smaller increase to 9.7. (Event B on the chart.)

Initial jobless claims fell from 216k to 213k last week instead of rising to 219k as experts had predicted. (Event B on the chart.)

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

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