EUR/USD inched upwards, as the markets anxiously await announcements by the Federal Reserve and the ECB. The Fed will be releasing a statement on Wednesday, and the ECB will meet on Thursday. The markets will be hoping for some concrete steps from the powerful central banks. The markets will be busy today, with a string of economic releases out of the Euro-zone and the US. Key releases from the US include – ADP Non-Farm Employment Change, US ISM Manufacturing PMI and the Federal Reserve Policy Statement.
Here’s an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-august-1-limited-gains-as-markets-await-fed-ecb-policy-statements/"]EUR/USD - Limited Gains as Markets Await Fed, ECB Policy Statements[/URL][/I][/B]
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.