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April 28, 2023Overall, EUR/USD had a 0.08% move or 8 pips today and is currently trading at 1.1039.
Euro-Dollar is currently trading at 1.1039 following the release of Core PCE Price Index (MoM) (Mar) data from the United States.
On the flip side, following a previous reading of 16,000, Unemployment Change in Germany released today at 07:55 UTC fell short of the 10,000 figure expected by analysts with an actual reading of 24,000.
At the same time, United States Core PCE Price Index (MoM) (Mar) released today at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3. Euro Zone GDP released earlier showed a marked improvement to 0.1 from the preceding data of zero, but fell short of the 0.2 figure forecast by a consensus of market analysts.
Elsewhere, other currency pairs are also gaining ground as GBP/JPY is up 2.26%. Having closed the previous session at 133.89, USD/JPY is up 1.58% today to currently trade at around 136. EUR/JPY is up 1.66%.
Furthermore, the market is looking at Euro Zone GDP projected to decline to -0.1 while previous data was 0.3; data will be released tomorrow at 09:00 UTC. Euro Zone GDP figure is projected at 1.8%. It previously stood at 1.8%; data will be released tomorrow at 09:00 UTC. Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC.
The currency pair has been trending positively for about a month. Having established significant support at 0.9596 approximately 6 months ago, Euro-Dollar's share price has bounced 14.94% higher.
