Day: July 3, 2007

EUR/USD Slight Correction

Today EUR/USD retreated from its yesterday levels of 1.3630 down to 1.3600 level (with a failed try ground below 1.3600). Factory orders macroeconomic data for May came out better than expected but it still showed a decrease in this important indicator — manufacturers orders decreased by 0.5% (against 1.2% expected). But this data didn’t affect Forex at all — the major bearish bars were seen four […]