http://www.itsecurity.ipt.pw Your Source for Social News and Networking Mon, 30 Sep 2024 07:33:10 +0000 en http://www.itsecurity.ipt.pw/News/eurusd-on-friday-dropped-0-1-to-1-11610-week-ending-2024-09-27-moved-lower-by-0-what-happened-/
As requested, let's look at EURUSD and the recent events that happened in the previous trading session.

EURUSD Analysis

Performance
Period Pct Chg Momentum
Friday -0.1% -10.9 Pips
Week 2024-09-27 0% 0.2 Pips
September 0.73% 80.6 Pips
Upcoming key events for the new week (London Time)

Mon 01:00 PM CPI Inflation Rate (12-mth)
Mon 06:00 PM Federal Reserve Chair Jerome Powell speech
Tue 10:00 AM Core Harmonised Index of Consumer Prices (HICP) (12-mth)
Wed 11:00 PM German Unity Day
Thu 01:30 PM Initial Unemployment Insurance Claims
Fri 01:30 PM Nonfarm Payroll Employment

What happened over the week

The United States experienced a range of economic activities recently. According to the University of Michigan, the Index of Consumer Sentiment in September rose to 70.1 points from 69 points in August. However, the Bureau of Economic Analysis reported a slowdown in consumer spending (PCE) to 0.2% in August, down from 0.5% in July. Furthermore, their PCE Price Index for August dropped marginally to 0.1%, from 0.2% in July, but excluding food and energy, it rose to 2.7% over the past 12 months compared to 2.6% in July. The U.S. GDP increased at an annual rate of 3.0% in Q2 2024, as per the Bureau's third estimate. However, durable goods orders saw a significant decrease to 0% in August from a revised 9.9% in July, reported by the Census Bureau. Also, initial unemployment insurance claims dropped slightly to 218K for the week ending September 21 compared to 219K in the previous week. Additionally, the FHFA reported a slight improvement in the House Price Index (1-mth) to 0.1% in July from -0.1% in June. ]]> Mon, 30 Sep 2024 07:33:10 +0000 leelim News 1 http://www.itsecurity.ipt.pw/News/eurusd-on-friday-dropped-0-1-to-1-11610-week-ending-2024-09-27-moved-lower-by-0-what-happened-/