Trading news
26 Jul 2016

EUR/USD wobbles around 1.10 post-US data

The single currency remained apathetic after US mixed releases today, with EUR/USD gyrating around the 1.10 handle.

EUR/USD supported near 1.0980

The pair keeps the daily range after US Consumer Confidence tracked by the Conference Board has surpassed estimates for the current month at 97.3 New Home Sales have followed suit, up to 592K units during June, or 3.5%.

Spot has faded the initial bull run to the vicinity of 1.1030 as the US Dollar has recovered part of the ground lost in early trade helped by today’s results.

EUR/USD levels to watch

The pair is now losing 0.01% at 1.0994 facing the initial hurdle at 1.1057 (20-day sma) followed by 1.1075 (200-day sma) and then 1.1166 (high Jul.14). On the flip side, a breakdown of 1.0913 (post-Brexit low Jun.24) would open the door to 1.0820 (low Mar.10) and finally 1.0777 (low Jan.21).

Jul 26, 2016

US consumer confidence index relatively steady in July

The Conference Board Consumer Confidence Index edged slightly lower in July. The Index now stands at 97.3 compared to 97.4 in June. According to the
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Jul 26, 2016

Mexico Trade Balance s/a, $ increased to $-0.918B in June from previous $-1.031B

Mexico Trade Balance s/a, $ increased to $-0.918B in June from previous $-1.031B
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