Day: September 26, 2019

September 26
2019

Euro Falls, Rallies, Then Falls Again Amid Shifting Investor Sentiment

The euro today alternated between losses and gains mainly driven by investor sentiment amid a mostly empty European docket leaving the single currency at the greenback’s mercy. The EUR/USD today fell, then recovered in the mid-European session before falling one more time in the American session as the US dollar posted gains. The EUR/USD currency pair today oscillated within a wide range marked by a high of 1.0967 and a low of 1.0922 as investors sold and bought the pair […]

Read more
September 26
2019

US Dollar Rises on Housing, Q2 GDP

The US dollar is gaining on several major currency rivals toward the end of the trading week, buoyed by the latest housing data and the final gross domestic product (GDP) figure for the second quarter. The buck’s downward performance in recent sessions had been driven by geopolitics, from the US-China trade war to tensions in the Middle East. According to the Bureau of Economic Analysis (BEA), the US economy advanced by an annualized rate of 2% in the April-to-June period, unrevised from […]

Read more
September 26
2019

EUR/USD Decline After US Pending Home Sales Beat Expectations

EUR/USD was attempting to rise today but reversed gains after the release of better-than-expected US pending home sales. USD GDP rose 2.0% in Q2 2019 according to the third and final estimate. It was unchanged from the preliminary estimate and matched forecasts. GDP expanded 3.1% in Q1. (Event A on the chart.) Initial jobless claims were at a seasonally adjusted level of 213k last week, whereas experts had predicted them to stay […]

Read more