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

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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.
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