Day: July 27, 2016

EUR/USD Shaken by FOMC Decision

The euro slid against the US dollar following the Fed’s announcement of its interest rate decision today. Even before the news, EUR/USD has been trading with a bearish bias. After the release, the currency pair plummeted. Durable goods orders fell sharply by 4% in June, following 2.8% decline in May (revised negatively from 2.2% drop). The median forecast was pointing at 1.4% decline. (Event A on the chart.) Pending home sales […]