The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release on Tuesday at 12:30 GMT. The EUR/USD exchange rate traded in a range of 2 pips or 0.02% right after the release. The Euro continued trading at the 1.1208 level against the US Dollar.
The Census Bureau released the US Durable Goods Orders data, which came lower-than-expected of –1.6% compared with forecasted –1.1%.
The US economic growth is slowing as the stimulus from $1.5T tax cut vanishes. Also, a trade war between the US and China, uncertainty over Brexit and slowing global economies are the factors that negatively impact the US production activity.
| Date | 21.11.18 | 21.12.18 | 21.02.19 | 13.03.19 | 02.04.19 |
|---|---|---|---|---|---|
| Actual | -4.4% | 0.8% | 1.2% | 0.4% | -1.6% |
| Forecast | -2.2% | 1.6% | 1.6% | -0.5% | -1.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.70802 | 0.70788 | -0.02% |
| EUR/USD | 1.12083 | 1.12097 | 0.01% |
| NZD/USD | 0.67689 | 0.67682 | -0.01% |
| USD/JPY | 111.341 | 111.355 | 0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 70.2% | 29.8% |
| EUR/USD | 28.7% | 71.3% |
| NZD/USD | 62.0% | 38.0% |
| USD/JPY | 38.4% | 61.7% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 0:30 | AUD | Retail Sales m/m | 0.3% | 0.1% |
| 8:30 | GBP | Services PMI | 51.0 | 51.3 |
| 14:30 | USD | Crude Oil Inventories | -0.7M | 2.8M |