Forex Blog

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

Archives

EUR/USD Up as Greek Leaders Reach Agreement

February 9, 2012 by

EUR/USD rose today after European Central Bank President Marion Draghi announced that Greek party leaders reached an agreement about austerity measures required to receive the next portion of bailout. Earlier, Greece’s Prime Minister Lucas Papademos stated that Greek politicians haven’t been able to reach an accord about pension cuts. The US employment market continued to show positive developments today as unemployment claims continued to fall.

Initial jobless claims fell from 373k (revised from 367k) to 358k last week. The forecast value was 369k. (Event A on the chart.)

Wholesale inventories rose 1.0% in December, following a 0.1% increase in November. Market participants anticipated growth by 0.4%. (Event B on the chart.)

EUR/USD for 2012-02-09

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required (will not be published)