Dear ,

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

EURUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.01% -0.7 Pips
Week to-date 0.02% 1.8 Pips
October -1.44% -160.3 Pips
Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

In the Euro Area, there has been a modest improvement in retail trade turnover. For August, the turnover increased to 0.2% from 0.1% in July, as reported by Eurostat. On a year-over-year basis, there was a more substantial uptick, with retail trade turnover rising to 0.8% from a negative growth of -0.1% in July. These positive trends in retail performance suggest a slight boost in consumer spending, which can be a positive indicator for the region’s economic recovery. Additionally, sentiment in the Eurozone has shown signs of improvement as evident from the Sentix Economic Index. The index rose to -13.8 points in October from -15.4 in September, signifying a better-than-anticipated outlook among investors.