EURUSD rose yesterday and closed at 1.3098. The economic confidence in the Euro area dropped to a reading of 88.6 in April. The industrial confidence dropped to a reading of -13.6 in April. The Consumer Confidence remained steady at -22.3 in April. On the other side of the ocean in the US the Personal Spending and the Personal income came out at 0.2 percent in March. The Pending Home Sales month over month in the United States rose 1.5 percent in March. Support for the EURUSD is seen at 1.3038 and resistance is seen at 1.3110. The HotForex Traders Board shows that 62 percent of the traders are short on the EURUSD.
GBPUSD
The Cable rose yesterday and closed at 1.5499. The Gfk Consumer Confidence Index in the United Kingdom dropped to a reading of -27 in April. Investors are now awaiting the Manufacturing PMI data due from the United Kingdom tomorrow. Support for the GBPUSD is seen at 1.5426 and resistance is seen at 1.5536. The HotForex Traders Board shows that 58 percent of the traders are short on the GBPUSD.
EURUSD trading lower after weak German employment data
No comments:
Post a Comment