The EUR/USD Decreases Sharply to Session Opening

The EUR/USD was increasing for the most part of the present trading period but has decreased sharply currently and is trading alongside the opening level as of presently. It is a surprising performance in view of that the couple of news announced earlier to the decrease were discouraging.

Personal earnings and consumption increased in April. Earnings was up by 0.4%, the same as in March and corresponding predictions. Spending rose up by 1.0%, in comparison to the prediction of 0.7% and status quo in March (negatively adjusted from the 0.1% rise). (Event A on the chart.)

S&P/Case-Shiller home cost index increased 5.4% in March, yearly, at the same estimate as in February. Forecasters had anticipated a bit smaller rise by 5.1%. Monthly, the ratio was up by 0.9%. (Event B on the chart.)

Chicago PMI decreased to 49.3 in May from 50.4 in April. The definite value was distant from the idealistic prediction of 50.8. (Event C on the chart.)

Consumer confidence decreased to 92.6 in May from 94.7 in April (positively adjusted from 94.2). Again, analysts have unnoticed with their idealistic assurances of a rise to 96.1. (Event D on the chart.)

The EUR USD Decreases Sharply to Session Opening

About The Author

Mike N

Financial Trading Systems Design Expert

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