Positive stability of Euro against USD after Draghi speech

EURUSD – Weekly Forecast for Binary Options Brokers

Euro fluctuated in a tight range during the US session following ECB President Mario Draghi’s speech on “The Economic and Monetary Union: Past and Present” in the German capital of Berlin and following the developments and economic data that followed on Wednesday the US economy The world’s largest economy.

At 3:11 pm GMT, the EURUSD rose 0.02% to 1.1669, compared to the opening at 1.1667 after recording a high of 1.1715 and a low of 1.1650.

EURUSD Forecast for US Binary options brokers

Today’s priorities lie in personal and economic security, addressing youth unemployment and promoting social models so that they are the best care for the sick, the elderly and the unemployed,” he said. The achievement of these goals is achieved by restoring growth and respect for common European values.

On the other hand, we followed the US economy to reveal the data of the housing market, which showed the rise of houses started construction and the decline in the building permit in the United States during August, where the reading of the index of houses started construction rose 9.2% or 1,282 thousand homes compared to a decline of 0.3% At 1,174 thousand homes last July, outperforming expectations of a 5.7% rise at 1,238,000 homes.

In the same context, building permits decreased by 5.7% to 1.229 thousand last month, compared to a rise of 0.9% at 1,303 thousand in July, in contrast to the expectations of a rise of 0.5% at 1,310 thousand permits, in conjunction with the issuance of a reading. The current account, which showed a contraction of the deficit to $ 101 billion versus $ 122 billion in the first quarter last year, surpassed expectations of a $ 104 billion deficit.

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