Forex Blog

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


EUR/USD Grows for Fourth Day

April 24, 2009 by

EUR/USD gained a lot on the Forex market today after the European fundamental reports showed some improvement earlier and the U.S. fundamentals removed recession fears in the later trading session. It’s now trading near 1.3266.

Durable goods orders decreased by 0.8% in March after rising by 2.1% in February. The analysts estimated a 1.5% decline for March.

New home sales fell from 358k (revised upwardly from 337k) to 356k in March. That’s a good result considering a revision of the February’s value and the 337k forecast for March.

Leave a Reply

required (will not be published)