EUR/USD: EUR/USD awaits catalysts for movement

The pair EUR/USD is traded slightly upward at the Forex currency market on Thursday morning.

By 9.40 MSK the Euro is at 1.4370 against yesterday’s closing level of 1.4369.

The day is going to be eventful in terms of macro-statistics; meanwhile, external catalysts for growth have been exhausted. The data on the business activity index in industry in several European countries will be released in the middle of the session. The U.S statistics will become known in the afternoon: investors will learn the data on a number of claims for unemployment benefits last week; revised data on labour productivity in Q2; index of economic conditions ISM in manufacturing sector in August.

In general, market tends to focus on macro-statistics; however, if external background will give occasion, it can become the guide for the movement.

Most likely the pair EUR/USD will not go beyond the range of 1.4320-1.4430 at the trading session on Thursday.

 

 

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