Market Overview

Midday EURUSD roundup

The dollar index fluctuates close to 94.35, resuming growth after the United States and Europe data latest releases. EURUSD is changing hands at 1.1675. The pressure on the pair has intensified after falling under the 1.1730 level, which served as a strong support from the end of last week.

Bullish: Germany’s Consumer inflation (HICP) was accelerated by the end of September to 2.2% yoy against expectations of growth to 2.0% from 1.9% a month earlier. Above this mark inflation has not been for more than 6 last years.

Bearish: The growth in Durable Goods Orders in the U.S. by 4.5% m/m. Continued purchases of the dollar after relatively optimistic Fed’s rhetoric yesterday.

Next focus on: U.S. Pending Home Sales at 14:00 GMT.

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