EUR/USD Up as Eurozone CPI Grows, US Factory Orders Drop


EUR/USD recovered afterwards the antecedent abatement on today's trading affair as the Eurozone customer prices grew, while the US abandoned claims and branch orders acquaint worse-than-expected results. The aggrandizement in Eurozone rose 2.6% in March. (Event A on the chart.) The bill brace was ascent back the alpha of this anniversary and economists anticipate that traders digested the problems in Greece, Ireland and Portugal, so now alone bad account from added European countries can accept apparent appulse on their sentiment. EUR/USD trades at 1.4183 now.

Initial abandoned claims was 388k (seasonally adjusted) in the anniversary catastrophe March 26. That's lower than the antecedent week's revised amount of 394k, but aloft the anticipation amount of 379k. (Event B on the chart.)

Chicago PMI was at 70.6 in March, hardly aloft the predicted account of 70.1. The basis was down from 71.2 in February, but still indicates accretion bread-and-butter activity. (Event C on the chart.)

Factory orders decreased 0.1% in February, afterward three after increases in the antecedent months, including the access by 3.3% in January. Forecasts promised a advance by 0.7%. (Event D on the chart.)

EURUSD for 2011-03-31
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