EUR/USD behaved confusingly today, falling in the first half of the trading session, rebounding after the
US GDP increased at the annual rate of 4.2% in Q2 2018 according to the preliminary (second) estimate after rising 2.2% in Q1. It was a faster rate of increase than 4.0% predicted by analysts and 4.1% showed by the advance (first) estimate. (Event A on the chart.)
Pending home sales fell 0.7% in July from June, while analysts had predicted an increase by 0.3%. The indicator edged up 1.0% in the previous month. (Event B on the chart.)
Crude oil inventories shrank by 2.6 million barrels last week, much more than analysts had predicted — 0.7 million barrels. The stockpiles were at the
If you have any comments on the recent EUR/USD action, please reply using the form below.