2 Jul 2013
EUR/USD slightly higher after US data
FXstreet.com (Córdoba) - The EUR/USD remained little changed just above the 1.3000 mark after the latest string of mixed US data.
EUR/USD unaffected by US data
While US factory orders grew more than expected in June, economic optimism measured by the IBD/TIPP index decreased in July and the June ISM NY index showed contraction for first time since October 2012.
Against this backdrop, the EUR/USD edged only slightly higher toward the 1.3020 zone, having scored a low of 1.2989 at the beginning of the American session. EUR/USD is currently trading at the 1.3010 zone, still down 0.4% on the day.
EUR/USD tests key support ahead of economic events
Valeria Bednarik, chief analyst at FXstreet.com notes that investors may refrain from adding positions ahead of the ECB decision and the NFP reports to be released later this week. "Accelerations below 1.2980 still will increase the risk of further falls, short term towards 1.2900/40 area, but eyeing 1.2880 strong midterm support", the analyst commented.
EUR/USD unaffected by US data
While US factory orders grew more than expected in June, economic optimism measured by the IBD/TIPP index decreased in July and the June ISM NY index showed contraction for first time since October 2012.
Against this backdrop, the EUR/USD edged only slightly higher toward the 1.3020 zone, having scored a low of 1.2989 at the beginning of the American session. EUR/USD is currently trading at the 1.3010 zone, still down 0.4% on the day.
EUR/USD tests key support ahead of economic events
Valeria Bednarik, chief analyst at FXstreet.com notes that investors may refrain from adding positions ahead of the ECB decision and the NFP reports to be released later this week. "Accelerations below 1.2980 still will increase the risk of further falls, short term towards 1.2900/40 area, but eyeing 1.2880 strong midterm support", the analyst commented.