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Day: February 15, 2018
February 152018
EUR/USD Extends Rally, Finds No Obstacles from Mixed US Data
EUR/USD extended its rally today after reversing losses caused by the US CPI yesterday. Today’s mixed economic reports in the United States gave the currency pair few reasons to stop its upward movement. PPI rose 0.4% in January, matching expectations, after falling 0.1% in December. (Event A on the chart.) NY Empire State Index fell from 17.7 to 13.1 in February, while experts had promised it to stay unchanged. […]
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February 152018
EUR/USD Trades Sideways on ECB Speeches and Mixed US Data
The EUR/USD currency pair today traded sideways by rallying higher in the late Asian session and early European session before heading lower. The currency pair declined despite speeches from European Central Bank members, but later rallied higher on mixed US data. The EUR/USD currency pair rallied to a high of 1.2510 in the early European session before declining to a low of 1.2461 in the mid-European session. The currency pair rallied higher in the late Asian […]
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