Forex Blog

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

Archives

EUR/USD Slowly Rises Today

April 7, 2014 by

The dollar was falling against the euro during the whole European trading session — gradually and steadily. The currency pair started to trade flat following the US session opening and remained unaltered by today’s consumer credit report.

US consumer credit added $16.5 billion in February beating the median estimate of $14.1 billion growth. January increase was positively revised from $13.7 to $13.8 billion. (Event A on the chart.)

Nonfarm payrolls report, released on Friday, showed a growth by 192k in March — below the expected 195k value. February reading was revised from 175k to 188k. US unemployment remained at 6.7%, which is somewhat worse than the forecast of 6.6% (Not shown on the chart.)

EUR/USD as of 2014-04-07

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required (will not be published)