The Euro might be under pressure again. Overview for 25.04.2018

The stability period for the main currency pair didn’t last long; it is being sold again.

On Wednesday morning, EURUSD is trading downwards, but not very actively. The current quote for the instrument is 1.2209.

The statistics published by the USA yesterday were positive, just as expected. The New Home Sales reported at 694K in March after being 667K in February and against the expected reading of 625K. The numbers are already seasonally adjusted, so they may be considered quite objective. On YoY, the indicator expanded by 8.8%, which is an excellent result.

Earlier this week, there were some other numbers relating to the real estate market, such as the Existing Home Sales, where the situation was quite similar and the readings were growing. Most likely, this growth is the result of lending rates increase following the tightening of the FOMC’s monetary policy.

The macroeconomic calendar for the EURUSD is almost empty today; no significant reports are expected. As a result, investors will “save strength” in anticipation of tomorrow’s meeting of the European Central Bank.

RoboForex Analytical Department