EUR/USD at 1.1129. US consumer confidence index at six-month low.

EUR/USD fluctuated in a range of 1.1121 – 1.1174 during the day and finished almost unchanged from the previous close. As of 6:00 PM EDT the pair was trading at 1.1129, which represents just 0.06% decline from the yesterday close.

US shares finished mixed today. Below is presented the performance of major indices:

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com
  • DJIA closed at 17,787.20, down 0.48%.
  • Nasdaq Composite rose 0.29% finishing at 4,948.06.
  • S&P 500 closed at 2,096.96, which is 0.10% lower than the previous close.

The Conference Board’s consumer-confidence index dropped to its lowest level in six months. The index fell to 92.6 in May from 94.7 in previous month. The analysts had estimated the index to stand at 96.0. “We will continue to watch how expectations evolve in the coming months, but the trend to date has not precipitated any slowing in actual consumption growth” wrote Jesse Hurwitz from Barclays.

jvjhvkhbkv

Another report released today showed that the US single-family home sales grew 0.9% in March from the previous month, beating the analysts’ expectations of a 0.8% increase.

The Commerce Department announced today that its consumer spending rose 1% in April, which is higher than the analysts’ estimate of 0.7% increase. “Consumer spending will continue to lead economic growth in 2016, as more jobs, rising wages and house prices give households more money to spend,” said Gus Faucher from PNC Financial in Pittsburgh.

Oil prices finished slightly lower today. The WTI Crude closed at 49.10 USD/bbl, down 0.47%. The Brent Crude was trading at 49.69 USD/bbl, which represents a 0.14% decline from the previous close.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
XM
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

Tags: , ,

Leave a Reply

You must be logged in to post a comment.