They stopped selling the Euro. Overview for 19.04.2019
The major currency pair is going to have a relaxing Friday after rather volatile Thursday.
EURUSD needs to take a break for recovery after such a volatile trading session that took place yesterday. The current quote for the instrument is 1.1241.
Yesterday, the American currency was supported by the March Retail Sales and the Unemployment Claims reports. The first indicator added 1.6% m/m, which is better than both previous and expected reading. As a matter of fact, it’s the highest growth over the last 18 months. The second one showed 192K, which is the lowest reading over almost 50 years. The indicator has been stable for several weeks, that’s why this unexpected decline made the USD very volatile.
Today’s trading session will be quiet in the calendar. Most catholic countries are already celebrating Good Friday in anticipation of Easter.
Later in the afternoon, the USA will publish the Housing Starts for March, which is expected to improve significantly – a good sign for the USD. In addition to that, there will be the Building Permits, which may also increase.
Overall, major currency pair may consolidate throughout the day in narrow ranges due to low volatility.
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.