EUR/USD: muted again, US jobs openings increase – FXStreet

By FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair traded uneventfully for a second consecutive day, ending the day pretty much flat around the 1.1380 region, although it fell intraday down to 1.1358, a fresh weekly low.

Key Quotes:

“With no major macroeconomic data having been released ever since the week started, speculative interest struggles to find a new direction for the pair, after it topped at 1.1615, a fresh yearly high, and completed a 50% downward correction.

Germany released disappointing Industrial Production data for Match, up year-on-year by 0.3%, against expectation of a 1.0% advance, while monthly basis it declined by 1.3%. The country’s trade balance for the same month, however, posted a larger than expected surplus of €23.6B.

In the US, more good news kept coming from the labor sector, as the JOLTS job opening report showed that the number of job openings increased to 5.757 million in March from a revised 5.608 million in February. Also, wholesale inventories in the US held at 0.1% in March, whilst sales rose 0.7%, the biggest monthly increase since April 2015.”
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Source:: FX Street