Forex Blog

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


EUR/USD Trades Up-Down-Up During Post-Christmas Trading

December 26, 2019 by

The euro rose, the weakened against the US dollar during the first half of daily session today. It then recovered above the open without any really important statistics coming out today. The US unemployment claims report seemes to have caused a bit of positive support for the currency pair.

Initial jobless claims were at the seasonally adjusted level of 222k last week — down from 235k a week earlier — accurately meeting the median forecast for the figure. (Event A on the chart.)

On Tuesday, a report on Richmond Fed manufacturing index has shown a decline from -1 to -5 for December. It was expected to go up to +1. (Not shown on the chart.)

EUR/USD as of 2019-12-26

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required (will not be published)