EUR/USD Grows on German and US Data

EUR/USD gained today after the report on German trade balance for June hit the markets today at about 6:00 GMT. While the trade balance surplus has shrunk, the exports and imports both grew (by 0.9% and 4.5% respectively). The currency pair then proceeded to appreciate on poor US reports.
According to the preliminary report, nonfarm productivity rose by 2.5% in the second quarter of 2014 (annualized seasonally-adjusted rate). Q1 drop by 3.2% was revised to a drop by 4.5%. (Event A on the chart.)
Wholesale inventories added 0.3% in June compared to the same growth in May and 0.7% forecast for the reported month. (Event B on the chart.)


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