The main currency pair is recovering after yesterday’s sales thanks to the calm fundamental background.
On Wednesday afternoon, the EUR/USD pair is trading on a positive note. As long as the external conditions looks neutral, the market prefers to buy out some of the previous sales. The current quo0te for the instrument is 1.0923. The daily growth is 0.3%.
As it usually happens at the end of the months, there is little statistics right now. Germany published report on Import Prices in September. The indicator dropped by 1.8% y/y against the predicted number of 1.9% and the increase by 2.6% the month before. According to Destatis, on a month-on-month basis Import Prices added 0.1% in September. The components of the report say that energy prices continued to decline and reduced by 9.6% y/y last month.
The French statistics was a bit more positive. The Insee Households' Confidence in October increased up to 98 points after being 97 points in September. The Future Financial Situation improved up to -7 points, which the best number over the last 12 months. We should note that the long-term value of the Households' Confidence is 100 points. The current number falls short of it, but the dynamics is rather positive.
Today the market will wait for the report on Crude Oil Inventories in the USA and may later take a break until Friday, when the country is going to publish statistics on the American GDP over the third quarter.
RoboForex Analytical Department
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