Forex Blog

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

Archives

Euro Catches Up vs. Dollar in Correction

September 24, 2009 (Last updated on January 10, 2013) by

After posting a first major declining day since September 1st yesterday, EUR/USD returned to the growth today. The good employment report from U.S. helped the euro to maintain a rather high intraday levels against the U.S. dollar, but the yesterday’s high wasn’t broken yet. EUR/USD is now trading near 1.4734.

Initial jobless claims hit their medium-term low according to the latest report — they were at 530k last week, following 551k value for a previous week. The forecast for the latest value was at 550k.

Existing home sales unexpectedly declined in August and were reported at a seasonally adjusted annual rate of 5.10 million — down from 5.24 million reported for July. The Forex market participants expected 5.35 million value from today’s report.

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

One Response to “Euro Catches Up vs. Dollar in Correction”

  1. Miller Rhodes

    Great Articles. I am still trying to figure out how to properly integrate this information into my forex trading.

    Reply

Leave a Reply

required
required (will not be published)