Forex Blog

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

Archives

EUR/USD Little Changed Again

February 25, 2015 by

EUR/USD barely moved from its opening level during the current trading session. While the euro attempted to rally during early Wednesday’s trading, it retreated to the opening quickly.

New home sales were at the seasonally adjusted annual rate of 481k in January, little changed from the revised December’s value of 482k. The actual reading was better than 471k predicted by analysts. (Event A on the chart.)

Crude oil inventories increased by 8.4 million barrels last week, reaching yet another record. The increase was higher than the predicted 3.6 million and the previous week’s 7.7 million. Total motor gasoline inventories decreased by 3.1 million barrels last week, but are above the upper limit of the average range. (Event B on the chart.)

EUR/USD for 2015-02-25

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

Leave a Reply

required
required (will not be published)