Forex Blog

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


Euro Gains Even as US Data Supports Dollar

July 23, 2015 by

The euro gained on the dollar today as the Greek parliament approved another set of reforms that are required to secure a bailout from the European Union. The US currency attempted to bounce after the release of better-than-expected data from the United States, but success has been very limited so far.

Initial jobless claims (seasonally adjusted) dropped from 281k to 255k last week, far below the level of 279k that has been predicted by analysts. It was the lowest value in more than four decades. (Event A on the chart.)

Leading indicators increased 0.6% in June, less than the May’s revised increase (0.8%) but much more than experts had anticipated (0.1%). (Event B on the chart.)

EUR/USD for 2015-07-23

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required (will not be published)