EUR/USD Extends Drop Despite Good Signs

EUR/USD extended its yesterday’s drop as risk aversion, spurred by the FOMC statement, continues to affect the Forex market. The fundamentals today weren’t very bad, actually, as jobless claims decreased and leading indicators rose.
Initial jobless claims decreased to 423k from 432k in the week ending September 17. The actual value was near the forecast value of 419k. (Event A on the chart.)
Leading indicators increased 0.3% in August, following the 0.6% increase in July (revised from 0.5%). Forecasts promised a 0.2% increase. (Event B on the chart.)


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