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EUR/USD Moves Higher for Second Day

September 24, 2015 by

EUR/USD moved higher for the second consecutive trading session today. Data from the United States was mixed. The housing report was very solid, but durable goods orders dropped. Apparently, the market preferred to pay attention to the bad part of the data. Now, traders wait for Janet Yellen’s speech that is scheduled for 21:00 GMT.

Initial jobless claims were at 267k last week, little changed from the previous week’s unrevised value of 264k and in line with market expectations. (Event A on the chart.)

Durable goods orders dropped 2.0% in August, exactly as analysts had predicted, after rising 1.9% in July. (Event A on the chart.)

New home sales were at the seasonally adjusted annual rate of 552k in August, above the predicted figure of 516k and the revised July rate of 522k (507k before the revision). (Event B on the chart.)

EUR/USD for 2015-09-24

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