It looks like EUR/USD can’t really decide where to go next — the second consecutive day is marked with almost zero change with a slight advantage for the European currency. The final data on Q3 GDP along with some other macroeconomic reports didn’t surprise the traders enough to affect the Forex market today. EUR/USD is currently trading near 1.3971.
The Gross Domestic Product decline of 0.5% in the third quarter of 2008 remained unchanged in the final report by the Bureau of Economic Analysis. That was an expected result.
Existing home sales declined by 8.6% in November to the seasonally adjusted annual rate of 4.49 million — that’s significantly below the expected rate of 4.93 million.
Michigan Sentiment index rose from 55.3 in November to 60.1 in December — faster than the analysts forecast (58.6).
New home sales decreased in November — to the seasonally adjusted annual rate of 407k — down from 419k in October (revised from 433k). The median forecast value was at 420k.
Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts
EUR/USD Trades in the Undecided Mood for Second Day
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