Slightly weaker but mostly flat: EUR/USD is currently trading at 1.1045 as it maintains an active range between 1.0972 and 1.1095.
GDP data from United States will be released today at 12:30 UTC with analysts expecting a decline to two. Potentially significant price fluctuations in Euro-Dollar are expected to follow.
United States Core Durable Goods Orders came out at 0.3%, better than analyst estimates of -0.2% and improving upon the previous reading of -0.3%.
On the flip side, United States Crude Oil Inventories published yesterday at 14:30 UTC came out at -5 million, falling short of the -1.49 million projections and continuing its decline from the previous -4.58 million figure.
While price action maintains a negative bias, Italy 10-Year BTP Auction released today at 09:10 UTC with a figure of 3.77, while the previous figure was 4.12.
In the meantime, negative performances are also seen in other pairs as GBP/NZD is down to 2.027, losing 96 pips, after closing at 2.0367 in the preceding trading session. After ending yesterday's session at 1.8041, EUR/NZD lost 78 pips and is trading around 1.7963.
Positive performances can be seen by looking at other currencies as NZD/USD gained 0.48% and is currently trading at 0.6148.
Looking ahead, ongoing depreciation may be prolonged as tomorrow at 06:00 UTC data for Germany GDP will be released, with an expected decline to 0.3 from the preceding figure of 0.9.
Some optimism can drawn from the fact that Germany Unemployment Change is projected to outperform its last figure with 10,000. It previously stood at 16,000; data will be released tomorrow at 07:55 UTC.
Furthermore, Germany GDP is projected to outperform its last figure with 0.8%. It previously stood at 0.3%; data will be released tomorrow at 08:00 UTC.
The currency pair has been trending positively for about a month. Having set a significant low of 0.9596 6 months ago, the Euro is trading 15.14% higher.