The Euro is still looking upwards. Overview for 15.04.2019
A new April week is quite positive for the major currency pair; investors are still intending to buy.
EURUSD is slightly rising on Monday morning. The current quote for the instrument is 1.1310.
The major currency pair is looking pretty well. rather mixed statistics from the USA made the USD retreat: Thursday’s report on the Inflation Rate showed the strongest numbers over the last weeks, but the University of Michigan Consumer Sentiment published on Friday was a failure.
The latter indicator was 96.9 points in April, which is much worse that the March reading of 98.4 points. No one expected the indicator to plunge, that’s why it became a very unpleasant surprise for the American currency.
There will be few reports in the macroeconomic calendar on Monday. In the afternoon, Germany will publish the Bundesbank Monthly Report, which is worth paying attention to if for no other reason than rather negative statistics that come from this country recently. In this light, it might be quite curious to hear what the German Central Bank has to say about this.
In the evening, the USA will report on the Empire State Manufacturing Index in April. The report is minor and may go unnoticed by market players.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.