The Greenback weakened against the Eurozone's single currency, following the US Durable Goods Orders data release on Friday. The EUR/USD currency pair gained 2 pips, or 0.01%, to continue fluctuating in the 1.1655 area.
The Census Bureau simultaneously released two data sets, where Durable Goods Orders data came out lower-than-expected of negative 1.7%, which was one of the main reason for currency price to weaken.
In the contrary, Core Durable Goods Orders came out better-than-expected of 0.9%, which didn't let the EUR/USD currency pair to weaken too much, leaving the overall price fluctuations flat.
Historical Data Table: US Durable Goods Orders m/m | Economic Calendar for 25.05.2018 | ||||||||
Date | 26.01.2018 | 27.02.2018 | 23.03.2018 | 26.04.2018 | 25.05.2018 | 1:20 PM | US Fed Chair Powell Speaks | ||
Actual | 2.80% | -3.70% | 3.00% | 2.60% | -1.70% | 2:00 PM | US UoM Consumer Sentiment | ||
Forecast | 0.90% | -2.40% | 1.60% | 1.60% | -1.30% | 2:00 PM | US UoM Inflation Expectations | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
AUD/USD | 0.75644 | 0.75634 | -0.01% | AUD/USD | 73.45% | 26.55% | |||
EUR/USD | 1.16686 | 1.16694 | 0.01% | EUR/USD | 63.62% | 36.38% | |||
USD/JPY | 109.444 | 109.427 | -0.02% | USD/JPY | 47.35% | 52.65% | |||
NZD/USD | 0.69104 | 0.69089 | -0.02% | NZD/USD | 56.96% | 43.04% |