EURUSD stopped growing. Overview for 26.02.2019

On Tuesday afternoon, the major currency pair is consolidating; risks are still rather high. 

EURUSD recovered quite a lot yesterday, but on Tuesday morning bulls aren’t very active. The current quote for the instrument is 1.1358. 

The key newsmaker of yesterday was the US President Donald Trump, who announced a delay in introducing additional import duties on Chinese goods. 

The most interesting numbers to be published today by the USA will appear later in the afternoon. One should pay attention to the Building Permits in December. After being 1.32M in November, the indicator is expected to fall a little bit and be 1.29M. However, this decline can be easily explained by a seasonal factor. At the same time, there will be a report on the Housing Starts, which is also expected to go down from 1.26M in November to 1.25M in December. Nevertheless, even if these predicted numbers match the actual ones, the USD won’t pay much attenti0n to them. 

Later in the evening, there will be one more report that is worth attention, the CB Consumer Confidence – this is where the USD may find support. The indicator is expected to rise from 120.2 points in January to 124.8 points in February. The index is more or less insightful, because it includes data from 5,000 households. Results of the survey is perceived as consumer sentiment and consists of two parameters, the current situation and expectations. The higher the number, the better for the American currency.