EUR/USD rallied today after the report showed a better than expected value for manufacturing growth in the Eurozone. (Event A on the chart.) The currency pair started to fall by 9:30 GMT, but currently attempts to resume rally as the US manufacturing declined even more than was predicted.
New home sales were at a seasonally adjusted annual rate of 298k in July, decreasing from June value of 312k. Small increase to 313k was expected. (Event B on the chart.)
Richmond Fed manufacturing index fell to -10 in August, below the media forecast of -7. The index was at -1 in July. (Event B on the chart.)
If you have any comments on the recent EUR/USD action, please reply using the form below.
