{"id":97027,"date":"2016-10-20T10:22:31","date_gmt":"2016-10-20T14:22:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=97027"},"modified":"2016-10-20T10:22:31","modified_gmt":"2016-10-20T14:22:31","slug":"the-euro-is-trying-to-get-away-from-its-lows-overview-for-20-10-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/the-euro-is-trying-to-get-away-from-its-lows-overview-for-20-10-2016\/","title":{"rendered":"The Euro is trying to get away from its lows. Overview for 20.10.2016"},"content":{"rendered":"
October 20, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

On Thursday morning, the main currency pair updated July\u2019s lows; investors are buying their sales back, but the situation remains uneasy.<\/p>\n

The EUR\/USD pair is slowly recovering on Thursday afternoon after having been sold in the morning. The current quote for the instrument is 1.0976. This morning, the pair reached July\u2019s \u201cbottom\u201d at 1.0950. The next target is at this year\u2019s low at 1.0911. In case there are necessary drivers, bears, who are still very strong, may reach it rather soon.<\/p>\n

Yesterday, the USA published quite complicated statistics. In September, Housing Starts reduced by -9.0% y\/y, the number was 1.047 million. However, Building Permits increased by 6.3% y\/y, 1.225 million.<\/p>\n

In the components of the report, we can see that real estate developer interests are changing: fewer multi-family houses and more single-family ones. Of course, the demand for the latter ones is positive, but if taken as a whole \u2013 it\u2019s still minor.<\/p>\n

All this could count against the USD, save the comments of monetary authorities. Yesterday, the Fed representative, Mr. Dudley, emphasized that he waited for the rate increase \u201clater this year\u201d, but at the same time, he didn\u2019t see reasons for tightening monetary policy aggressively or urgently.<\/p>

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So, right now one can see a technical rebound in the EUR\/USD pair, but it\u2019s unlikely to last long.<\/p>\n

RoboForex <\/strong>Analytical <\/strong>Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com On Thursday morning, the main currency pair updated July\u2019s lows; investors are buying their sales back, but the situation remains uneasy. The EUR\/USD pair is slowly recovering on Thursday afternoon after having been sold in the morning. The current quote for the instrument is 1.0976. This morning, the pair reached July\u2019s \u201cbottom\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-97027","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=97027"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97027\/revisions"}],"predecessor-version":[{"id":97028,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97027\/revisions\/97028"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=97027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=97027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=97027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}