The EUR/USD is keeping its positive momentum. Overview for 22.06.2017

The main currency pair is growing on Thursday. The closest target is at 1.12.

The EUR/USD pair continues its short-term growth, although investors aren’t too active this morning. The current quote for the instrument is 1.1175.

Right now, the capital market is pretty sensitive to what is happening to the oil prices. In addition to that, investors still remember the comments made by the USA monetary politicians earlier this week. Expectations relation to the future actions of the American regulator are slowly decreasing. According to the futures behavior, investors think that the possibility of another rate increase this year is 45.6%, although only a week ago this number was 48.7%.

Yesterday, the macroeconomic calendar was quite poor. In the evening, the USA reported on the Existing Home Sales in May. The indicator increased up to 5.62M (+1.1%) after being 5.56M the month before and against the expected reading of            5.54M. The tendency has been continuing for 2 consecutive years and doesn’t seem to change yet.

Those, who buy American real estate, lack good offers as the housing prices are rising significantly while the life of the offer, on the contrary, is decreasing.

There will be more statistics today. In the late afternoon, the Eurozone will publish the Consumer Confidence in June. The USA are ready to report on the Unemployment Claims for the previous week and the CB Leading Index in May. Moreover, in the evening the FOMC Member Powell is going to speak. His comments may make investors worry again.

RoboForex Analytical Department