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- EUR / USD fell as strong data on the U.S. housing market have reduced the probability of launching the Fed QE
EUR / USD fell as strong data on the U.S. housing market have reduced the probability of launching the Fed QE
After breaking 1.3000 and reaching a maximum at 1.3013 pair came under strong technical pressure, which caused prices to revert to the session low of 1.2976 after the data surpassed forecasts U.S. housing market.
In October, pending transactions in the U.S. housing market dynamics recorded at +5.2% m / m and 13.2% against the forecast of 0.8% and 0.4% / 14.5% in September. Market rumors continue to circulate about a possible further easing of monetary policy the Fed - according to John Gilzenrata, after the expiration of the "Operation Twist" Fed QE may include buying Treasuries, thereby running the unlimited program of quantitative easing. That is why at the moment markets sensitive to releases that may affect the course of monetary policy.
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