The University of Michigan’s consumer confidence measure was expected to tick down from 96.9 to 96.5 points in April. The Conditions component carried expectations for a slide from 113.2 to 112.4 points. Expectations were predicted to slide from 86.5 to 86 points. The US dollar was making a comeback after the Trump Tumble. The US [...]
The post US consumer confidence beats expectations with 98 – USD extends recovery appeared first on Forex Crunch.
EUR/USD is on the up and up once again, rising thanks to the Trump Tumble. The US President complained about the strength of the US dollar and said he favored low interest rates. Looking at the wider technical picture, we see that the most recent trough is the third higher low of the year. EUR/USD [...]
The post EUR/USD makes a third higher low in 2017 – room for a rally? appeared first on Forex Crunch.
GBP/USD is trading on higher ground thanks to the Trump Tumble but the move is somewhat limited. The pair has been rejected at 1.2565, the February 24th swing high. Cable’s technical behavior is quite impressive. So if the US dollar is falling because of Trump’s talk about the dollar being too strong, what is limiting the pound? [...]
The post GBP/USD capped at resistance, like UK living standards appeared first on Forex Crunch.
