EUR/USD is Waiting for Outcome of Summit

EUR/USD trades flat currently, though it had violent swings during the trading session. The European leaders are meeting in Brussels now and the Forex market holds breath, awaiting the outcome of the summit. There are rumors that the politicians have some disagreement. The data today showed that the US consumer sentiment improved, but that was just a preliminary estimate.
The US trade balance deficit shrank to $43.5 billion in October from $44.2 billion in September (revised from $43.1 billion). The actual value matched forecasts. (Event A on the chart.)
Michigan Sentiment index (preliminary) jump from 64.1 to 67.7 this month, compared to the median estimate of 65.6. (Event B on the chart.)


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

Leave a Reply

Your email address will not be published. Required fields are marked *

seventy six − 73 =