EURUSD down by 50 pips

Wednesday, 28 September 2011 04:45

United States Core Durable Goods were released earlier today, causing movement between currencies such as Euro vs. U.S Dollar.

The report came out lower than expected, dipping to – 0.1% from an expected 0.1%.  Core durable goods slipped in August to – 0.1% from July's 0.7% index.

This report measures the change in the total value of new purchase orders placed with manufacturers for durable goods. 

Euro/U.S Dollar acted on a rush upwards for less than two minutes, moving less than 10 pips up to 1.3651.  The pair then bungee-jumped from 1.3651 to 1.3614 in less than 10 minutes.  Moving even further, the pair went as low as 1.3603 after the news release.

Tags: ,

This entry was posted on Wednesday, September 28th, 2011 at 16:45 and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

DISCLAIMER: This material (written and attachments) is considered a non-binding marketing communication and does not contain investment advice, investment recommendations or any offer or solicitation for any transactions in financial instruments in any jurisdictions. Mega Trader FX does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability as to the accuracy or completeness of the information provided. Any expressions of opinion are subject to change without notice and opinions made may be personal to the author and may not reflect the opinions of Mega Trader FX. This content must not be reproduced or further distributed without the prior permission of Mega Trader FX