The Euro slowed down its decline. Overview for 30.05.2019
The major currency pair took a break and slowed down its decline; investors are looking for support.
On Thursday, EURUSD remains as weak as before, but the good news is that market players stopped selling it aggressively. The current quote for the instrument is 1.1135.
Germany, France, and Switzerland have holidays today.
All numbers that may seem interesting are scheduled for today’s evening. The USA are going to publish the revised report on the GDP for the first quarter 2019, which is expected to show 3.1% q/q against the previous value of 3.2% q/q. There will be one more revision and it is usually better than two previous ones.
Another thing worth paying attention to is the weekly report on the Unemployment Claims, which is expected to be 216K after being 211K last week. However, last Thursday’s report was much stronger than expected.
In the evening, the USA will report on the Goods Trade Balance, the component of which may be very interesting to see. Among other April reports are the Wholesale Inventories (expectations +0.2% m/m, previous -0.1% m/m), the Pending Home Sales (expectations +0.9% m/m, previous +3.8% m/m). Positive results in these indicators may provide support to the USD.
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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