EUR USD. US data supported the dollar

Index of business activity in the euro zone services rose from 52.8 to 52.9, while the composite index from 53.1 to 53.2, which was a complete surprise, since the expected reductions. In Germany, the index of business activity in the services sector rose from 53.7 to 54.4, the composite is from 54.4 to 55.3. The situation is similar in France, where the index of business activity in the services sector rose from 49.9 to 50.5, while the composite from 49.6 to 50.1. The important thing is that in France the…

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EURUSD. When?

Pretty good data on new home sales in the US, which grew by 3.5%, could not lead to the strengthening of the dollar against the euro. This preliminary data on the index of business activity were neutral, so that they could not affect the market. Moreover, the market simply ignored the report of the American Petroleum Institute, which indicated to reduce stocks of crude oil and petroleum products by 8.3 million barrels, which, however, had no effect on the cost of oil. The reason for the incredible stability of the…

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