A new April week is quite positive for the major currency pair; investors are still intending to buy.
EURUSD is slightly rising on Monday morning. The current quote for the instrument is 1.1310.
The major currency pair is looking pretty well. rather mixed statistics from the USA made the USD retreat: Thursday’s report on the Inflation Rate showed the strongest numbers over the last weeks, but the University of Michigan Consumer Sentiment published on Friday was a failure.
The latter indicator was 96.9 points in April, which is much worse that the March reading of 98.4 points. No one expected the indicator to plunge, that’s why it became a very unpleasant surprise for the American currency.
There will be few reports in the macroeconomic calendar on Monday. In the afternoon, Germany will publish the Bundesbank Monthly Report, which is worth paying attention to if for no other reason than rather negative statistics that come from this country recently. In this light, it might be quite curious to hear what the German Central Bank has to say about this.
In the evening, the USA will report on the Empire State Manufacturing Index in April. The report is minor and may go unnoticed by market players.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions