Day: August 5, 2015

Mixed Reports Bring Volatility to EUR/USD

EUR/USD had been trading with a moderate bearish bias today before the US macroeconomic reports hit the market. Initially, it rallied following poor data on the employment situation in July. Then, it fell back to the daily lows when the unexpectedly good non-manufacturing PMI reports had been released. ADP employment registered a monthly growth by 185k jobs in July. It was a major disappointment for the USD bulls following 237k […]