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Old 27-09-2019, 15:15
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KostiaFM KostiaFM is offline
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Default Re: Daily Market Analysis by ForexMart

EUR/USD Daily Analysis: September 27, 2019

The US dollar index that measures the value of the greenback against a basket of major currencies is now about to break a 28-month high. Meanwhile, the euro major pair has broken to an equivalent low that seems to lead to further losses.

So far, only the New Zealand dollar has taken the lead against the greenback while the British pound has been the weakest for this week as it went down by 1.5% against the dollar.

Data releases from Europe similar to inflation came in weaker than anticipated earlier today. The German import price dropped by 0.6% in August compared to the previous 0.3%. Also, the CPI in France has declined by 0.3% in the present month. As for Consumer spending, it was flat and did not meet the expectations of analysts.

Economic data to be released later this day will include the US durable goods orders and personal spending figure. The data will typically not induce a volatile reaction in the trading rate.
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