EURUSD rose yesterday and closed at 1.3192. The German Gfk Consumer Confidence fell to a reading of 8.6. The German Import Prices also recorded a drop of a -0.4 percent on a monthly basis in July. In an interview the German Finance Minister Wolfgang Schaeuble stated that the comments made by the ECB President Mario Draghi at Jackson Hole were over-interpreted which fuelled a speculation that the central bank is not so close to introducing additional stimulus measures.
Information about a potential Russian invasion in Ukraine brought some slight volatility on the market earlier today.
Data released today revealed that the second estimate GDP in the United States came out better than expected at 4.2 percent. The Unemployment Claims data also released today showed that the number of the people who filled documents for unemployment benefits during the last week is 298K which is close to the market expectation for a 299K.
Investors are now looking forward for the Pending Home Sales month over month release due from the United States.
Support for the EURUSD is seen at 1.3157 and resistance is seen at 1.3291.
Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
EURUSD trading lower after the 2nd Estimate GDP from the United States came better than the market expectations
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