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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Euro is getting a bit more expensive. Overview for 27.10.2016
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The Euro is getting a bit more expensive. Overview for 27.10.2016

27.10.2016
On Thursday evening, the main currency pair is trading a little bit to the upside in response to the published American statistics.

The EUR/USD pair is slowly gaining weight by Thursday morning. The current quote for the instrument is 1.0917. The daily growth is 0.1%.

During the day, there wasn’t too much statistics to pay attention to – the market too no notice to the numbers M3 Money Supply and Private Lending. But on the other hand, the evening data turned out to be rather interesting.

The weekly USA Unemployment Claims increased up to 258 thousand although it was predicted to be 255 thousand. Another report, the Durable Goods Orders, in September dropped 0.1%. The Core Durable Goods Orders added 0.2%, and the same indicator excluding the defense industry improved by 0.7%.

In other words, the most of the index drawdown was caused by the military. Probably, it was the correction to the previous report.

One way or another, the USD didn’t get any support from these reports, that’s why the Euro continues rising higher, although not in big volumes.
 
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