Thu. Jan 27th, 2022

EUR / USD fell today in the middle of the broad base strength of the dollar. Market analysts explained the good performance of the US currency by increasing the yields of the US Treasury. As for the macroeconomic reports released in the United States during Tuesday’s trading session, they were mixed.

S & P /Case-Shiller housing price index increased 11.1% in January, year after year, more than the previous month (10.2%), but less than analysts had predicted (11.4%). Moreover, the index gained 0.9%. (Event A in the graph.)

Consumer confidence jumped to 109.7 in March from 90.4 in February, much higher than analysts had predicted (96.9). (Event A in the graph.)

A couple of reports were released on Friday (not shown in the chart):

Both of us personal income and expenses fell in February. Personal income fell 7.1%, less than experts had predicted, 7.3%. Personal spending decreased by 1.0%, more than expected: 0.8%. The previous month’s earnings gained positive revisions from 10.0% to 10.1% of revenue and from 2.4% to 3.4%. Basic PCE inflation stood at 0.1%, coinciding with expectations. The value for the previous month obtained a negative revision from 0.3% to 0.2%.

Michigan Sentiment Index rose to 84.9 in March from 76.8 in February according to the revised estimate. This compares with the average forecast of 83.6 and the preliminary figure of 83.0.

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