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Good Reports from US — EUR/USD Goes Down

October 26, 2010 (Last updated on January 10, 2013) by

EUR/USD dropped as today’s reports, as well as yesterday’s report on existing home sales, were largely positive, giving rise to speculation that quantitative easing will be performed later and in smaller scale. EUR/USD trades currently at 1.3884.

S&P/Case-Shiller home price index declined to 146.99. It was 1.7% higher than a year ago, but 0.2% lower than a month ago. The median forecast value for this indicator was 2.4%.

Richmond Fed manufacturing index turned positive in October, advancing from -2 to 5. The traders expected only small increase to -1.

Consumer confidence index increased slightly in October from 48.6 to 50.2. The expected value was 49.3

Yesterday, a report on existing home sales was release, showing a growth to 4.53 million in September from 4.12 million in August.

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