Forex Blog

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


EUR/USD Resumes Rally After Losing Thursday’s Gains

January 26, 2018 by

EUR/USD resumed its upward movement today after losing its gains yesterday. The currency pair retreated after US President Donald Trump said that he wants stronger dollar. Today, EUR/USD rebounded, though is struggling to keep gains right now.

Advance estimate for US GDP showed growth by 2.6% in Q4 2017. That was below the average forecast of a 3.0% increase and the 3.2% growth registered in Q3. (Event A on the chart.)

Durable goods orders increased by as much as 2.9% in December, far more than analysts had predicted — 0.9%. Furthermore, the previous month’s increase got a positive revision from 1.3% to 1.7%. (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required (will not be published)