EUR/USD rose today for the third day even as fears that
other European countries would follow Greece in requesting a bailout returned
to Forex market. US jobless claims remained stable, while pending home sales
climbed to the two-year record.
Initial jobless claims were little changed at 388k last week
from the previous week’s figure of 389k. Traders hoped that claims would drop
to 374k. (Event A on the chart.)
Pending home sales grew 4.1% in March, beating market
expectations of a 1.2% increase, and was at the highest level since April 2010.
The February change was revised upwardly from -0.5% to 0.4%. (Event B on the
chart.)
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