$EURUSD Forex Signal: Extremely Bullish Above the Resistance at 1.0962
rate was in a consolidation phase on Wednesday morning ahead of the upcoming testimony by Jerome Powell, the Federal Reserve Chair. The pair was hovering at 1.0910, a few points below last Friday’s high of 1.0962.The EUR/USD retreated slightly while the US dollar index drifted upwards after the strong American housing data. Numbers released on Tuesday revealed that the country’s housing starts jumped by more than 21% to 1.613 million in May. That was much higher than the median estimate of a 0.
These numbers mean that the American economy is doing well even as interest rates sit at the highest level in more than a decade. Other US numbers have been relatively strong. For example, jobs data published earlier this month showed that the economy created over 339k jobs in May. Inflation also dropped to 4%.
The other important news will be a statement by Loretta Mester and Austan Goolsbee, the head of Chicago’s Federal Reserve. Other Fed officials who will speak are Nathan Jefferson and Lisa Cook.The EUR/USD pair retreated slightly after it hit the important resistance point at 1.0962 on Friday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/USD Forex Signal: Bullish Pennant Points to More GainsThe EUR/USD exchange rate jumped sharply last week after the European Central Bank (ECB) and the Federal Reserve offered diverging decisions.
Leer más »
EUR/USD Price Forecast: EUR/USD Grinds in Tight Range as Breakout BeckonsEUR/USD struggles for direction as the tug of war between the Euro and the US Dollar continues. Price action suggests a breakout could be imminent.
Leer más »
EUR/USD Price Analysis: Bullish outlook remains in placeEUR/USD corrects lower and challenges the 1.0900 region on Monday. Despite the current downtick, further gains remain well on the table for the time b
Leer más »
EUR/USD Forex Signal: Temporary Pullback Ahead of an EventuaThe EURUSD pair retreated slightly ahead of the upcoming US building permit and housing starts numbers.
Leer más »
EUR/USD: Minor corrective drop to mid 1.08s is possible – ScotiabankEUR/USD drifts from mid/upper 1.09s. Economists at Scotiabank analyze the pair’s technical outlook. Near term risks are tilting towards some retrenchm
Leer más »
EUR/USD to extend rebound to fresh YTD highs – MUFGEUR/USD regained upward momentum over the past week. Economists at MUFG Bank analyze the pair’s outlook. USD remains overvalued We see room for the re
Leer más »