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June 22, 2023While yesterday ended at 1.0987, today, EUR/USD rallied above 1.0997 for the first time in 6 weeks and a half and gained 1 pips — now trading at 1.0987.
United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected improvement to 260,000 (previous figure was 262,000).
At the same time, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -1.25 million, while the previous figure was 1 million. United States 20-Year Bond Auction came out at 4.01.
Elsewhere, other currency pairs are also gaining ground as EUR/AUD gained 0.6% and is now trading at 1.6257. EUR/NZD is up 0.29% to 1.7751.
Meanwhile, AUD/USD closed at 0.6759 (down 0.61%).
Furthermore, the market is looking at Spain GDP is projected to outperform its last figure with 0.5. It previously stood at 0.2; data will be released tomorrow at 07:00 UTC. France Manufacturing PMI figure is projected at 45.3. It previously stood at 45.7; data will be released tomorrow at 07:15 UTC. Euro Zone Composite PMI figure is projected at 52.5. It previously stood at 52.8; data will be released tomorrow at 08:00 UTC. Germany Buba President Nagel speech is scheduled today at 12:05 UTC.
Having set a significant low of 0.9596 8 months ago, Euro-Dollar is trading 14.49% higher.
