The Euro is under pressure again. Overview for 21.05.2019
On Tuesday afternoon, the major currency pair is trading downwards; the USD is attacking again.
EURUSD is retreating on Tuesday afternoon. The current quote for the instrument is 1.1152.
Yesterday’s trading session was pretty boring: the major currency pair was consolidating and barely moving inside a narrow range due to absence of news. Market players are still waiting for positive dynamics in the US-China trade conflict, as well as closely follow any changes in the US Federal Reserve stance on the rate issue.
Investors suppose that the pressure on the American regulator coming from the country’s authorities may significantly increase and the Fed will have to reduce the key rate.
There will be as few numbers today as yesterday. The Euro Area will report on the Consumer Confidence in May. The indicator is expected to remain unchanged at -8 points. The report is quite neutral for EURUSD.
In the evening, the USD are scheduled to publish the Existing Home Sales for April. Probably, the report may support the USD a bit as it is expected to increase up to 5.35M.
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.
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