FX.co ★ Overview of the currency pair EUR / USD for May 25, 2018

Yesterday's US statistics, clearly had a negative character. The number of applications for unemployment benefits increased by 40 thousand. Moreover, the number of both primary and repeated applications increased, while only repeated applications were expected to grow. Although overall growth was slightly less than forecast. Similarly, home sales in the secondary market, decreased by 0.2% and 2.5%. But despite all this, the single European currency has not been able to find the strength for growth. The reason lies in the content of the text of the minutes of the ECB meeting on monetary policy, and although there was no clear indication of the extension of the quantitative easing program, the market took it negatively. As always, the wording in the text was so streamlined and general that it is extremely difficult to draw any conclusion, and the market has long perceived this as an indication that the regulator will continue to adhere to current policies.

Today, you can pay attention only to orders for durable goods, the number of which should be reduced by 1.4%, and in the absence of any news from Europe, it can help the single European currency to improve its affairs somewhat. By the end of the day, the euro / dollar pair may rise to 1.1750.