View full page at forexfactory.com

 

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – Euro Retreats After Inflation Data

From fxempire.com

U.S. Dollar: {chart} U.S. Dollar Index is moving higher despite the pullback in Treasury yields. Today, traders focused on the economic reports. Initial Jobless Claims report showed that 228,000 Americans filed for unemployment benefits in a week. PCE Price Index increased from 3% in June to 3.3% in July. Personal Income grew by 0.2% month-over-month in July, while Personal Spending increased by 0.8%. In case U.S. Dollar Index stays above the support at 103.65, it will head towards the nearest resistance level at 104.40 – 104.70. EUR/USD: {chart} EUR/USD pulled back as traders reacted to the Euro Area inflation ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis