Another round of good US data - Forex News by FX Leaders

Another round of good US data

Posted Tuesday, May 17, 2016 by
Skerdian Meta • 1 min read

The UK inflation data missed the expectations this morning but the US inflation numbers which were published just now beat the expectations. I guess the rise in employment and wages is filtering through the economy. Besides that, the housing starts came out higher too. The US dollar is about 30 pips higher and our EUR/USD sell forex signal just hit take profit. 

EUR/USD dropped 30 pips after the release

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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