FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
FxPro information and reviews
FxPro
88%
OctaFX information and reviews
OctaFX
86%

EURUSD is consolidating


31 May 2021

EURUSD is consolidating at the end of this extremely volatile spring; the USD lost 0.8% over three months. The major currency pair is rather quiet and stable early in the week. The current quote for the instrument is 1.2192. Spring of 2021 has been really volatile for EURUSD – stimulus programs continued making the “greenback” go down and market players just couldn’t find any reason for supporting the American currency. By the start of the summer, the market situation reached stability, more or less. No one is afraid of either an inflation boost in the USA or early termination of the Fed’s stimulus programs. Everything is slowly returning to normal.

The statistics published last Friday showed that the Personal Income in the USA dopped 13.1% m/m in April after adding 20.9% m/m the month before. The indicator lost less than expected, that’s why investors barely responded to the report. As everybody knows, in March the American population got checks from the government and this money quickly returned to the economy. In April, people had no such “gifts”, so the indicator corrected. 

The Personal Spending, in its turn, added 0.5% m/m, the same as expected, after expanding by 4.7% m/m in the previous month. The revised data on the UoM Consumer Sentiment showed 82.9 points in May against the preliminary and expected readings of 82.8 and 831 points respectively. The USA is celebrating Memorial Day today, so no American statistics are planned.

#source

Share:


Related

The EUR/USD Price Prediction 2022. The Bulls or the Bears, Who Will Prevail?
The EUR/USD Price Prediction 2022. The Bulls or the Bears, Who Will Prevail?

Euro/US Dollar (EUR/USD), for which we will provide the price forecast for the year 2022, is the most actively traded currency pair on the foreign exchange market, also known as Forex or FX...

26 Nov 2021

The Euro's oversold is a sign for more volatility to come
The Euro's oversold is a sign for more volatility to come

The Euro fell against the dollar to 1.1200, a new 16-month low, having lost more than 4% in the last four weeks. The downward trend in the single currency accelerated...

26 Nov 2021

EURUSD is knocked out again
EURUSD is knocked out again

After testing another “bottom”, the major currency pair is consolidating. EURUSD continued falling and tested another low yesterday; right now, it is consolidating....

25 Nov 2021

EUR/USD seems vulnerable near multi-month low
EUR/USD seems vulnerable near multi-month low

The EUR/USD pair remained on the defensive through the Asian session and was last seen trading around the 1.1270-65 region, just a few pips above a 16-month low touched on Friday...

22 Nov 2021

EUR/USD snaps two-day rebound near 1.1350 as USD tracks firmer yields
EUR/USD snaps two-day rebound near 1.1350 as USD tracks firmer yields

EUR/USD stays pressured around an intraday low of 1.1352, down for the first time in three days ahead of Friday’s European session. In doing so, the major currency pair reacts...

19 Nov 2021

The greenback dominates the market
The greenback dominates the market

EURUSD stopped falling on Thursday, but investors are still interested in the “greenback”. The major currency pair slowed down its decline and is trying to reach stability...

18 Nov 2021


HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
AvaTrade information and reviews
AvaTrade
76%
LegacyFX information and reviews
LegacyFX
75%
FP Markets information and reviews
FP Markets
72%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.