Forex Blog

The final day of the year saw EUR/USD rising until the release of the US macroeconomic indicators for today. Then, the rally broke with the pair going down and then entering a sideways market.

S&P/Case-Shiller home price index rose by 2.2% year-on-year in October, exceeding the median forecast of 2.1% and following the 2.1% growth registered in September. (Event A on the chart.)

Consumer confidence decreased slightly from 126.8 in November to 126.5 in October, while traders expected a rise to 128.0. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.