USD hits an air pocket after consumer sentiment numbers - Forex News by FX Leaders

USD hits an air pocket after consumer sentiment numbers

Posted Friday, April 15, 2016 by
Skerdian Meta • 1 min read

The US consumer numbers were released about an hour ago. They came out slightly below expectations and the USD fell about 20-30 pips across the board. The numbers weren´t really bad, just a two points miss. Lat month´s numbers were revised higher and at 89 this indicator is still at very high levels. Still, the USD bulls ducked and EUR/USD broke above 1.13. It already retreated back below that level so we´ll see if the USD bulls will reactivate again, but with London closing in an hour I doubt it. 

Meanwhile, USD/JPY broke below 109

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments