Dear ,

As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.

EURUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday -0.34% -36.8 Pips
Week to-date -0.89% -97.4 Pips
October -2.77% -308.6 Pips
Upcoming key events (London Time)

No major events for the day.

What happened lately

In the United States, recent economic data indicates a positive trend. The U.S. Monthly Retail Trade between August and September experienced an upswing; excluding automobiles, it increased from 0.1% to 0.5%. Including all goods, the retail trade rose from 0.1% to 0.4%, according to data from the Census Bureau. Additionally, the U.S. Manufacturing Business Outlook Survey for October improved significantly, rising to 10.3 points from 1.7 points in September, as reported by the Philadelphia Fed. These figures suggest robust consumer spending and stronger manufacturing sentiments, which could be critical in supporting the economic recovery. Furthermore, initial unemployment insurance claims saw a reduction for the week ending October 12, dropping to 241K from the previous figure of 258K, per the U.S. Department of Labor, indicating a healthier labor market outlook.