Forex Blog

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

Archives

EUR/USD Picks Up as Traders Less Nervous

July 1, 2013 by Vladimir Vyun

EUR/USD rose today as positive data from Japan made Forex traders less fearful and more willing to risk. Reports from Europe were not particularly good, but neither they were too bad. US data was mildly positive, yet it did not give an edge to the dollar today.

ISM manufacturing PMI rose from 49.0 in May to 50.9 in June, being near the forecast of 50.6. Manufacturing was expanding again after one month of contraction. (Event A on the chart.)

Construction spending grew 0.5% in May, in line with forecasts. The April’s increase was revised negatively from 0.4% to 0.1%. (Event A on the chart.)

EUR/USD for 2013-07-01

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required (will not be published)
optional