EUR / USD pair
Last Friday, the situation is very favorable for the dollar. The U.S. GDP for the first quarter was 2.3% y/y against expectations of 2.0%. The indicator for the previous quarter was revised to an increase from 2.6% y/y to 2.9% y/y. The U.S. labor cost index rose 0.8% q/q over the same period, against expectations of 0.7% and 0.6% for the fourth quarter. The consumer confidence index from the University of Michigan in the final assessment for April increased from 97.8 to 98.8, the forecast was 98.0. The indicators for the euro area did not stand out. Spain's GDP for the first quarter was the expected 0.7%. The Spanish CPI in April fell from 1.2% y / y to 1.1% y / y while the number of unemployed in Germany decreased by only 7,000 against the forecast of -15,000. Also, the consumer spending in France was worse than forecast growth of 0.1% against expectations of 0.4% in March.
However, this is bad for the euro. The big players decided to close the short positions on the euro, which led to its small growth on Friday.
Today, the US will see significant data on income and expenditure of consumers. Personal incomes for the month. 0.4% while personal expenses are presumed to increase by 0.4%. The business activity index in the manufacturing sector of the Chicago region for April is expected to increase from 57.4 to 58.2. Could not add 0.4% after 3.1% a month earlier. All these data raise more attention to the upcoming Fed meeting on Wednesday.
We are waiting for the euro to return to the range of 1.2040 / 60.
Today, the US will see significant data on income and expenditure of consumers, the forecasts for which are also positive. Personal incomes in the March estimate are expected to increase by 0.4%, personal expenses also by an increase of 0.4% against the February rate of 0.2%. The index of business activity in the manufacturing sector of the Chicago region for April is expected to increase from 57.4 to 58.2. Unfinished sales in the secondary real estate market in March could add 0.4% after 3.1% a month earlier. All these data increase attention to the upcoming Fed meeting on Wednesday. We are waiting for the euro to return to the range of 1.2040 / 60. and caused its small growth - Friday, the single European currency grew by 27 points. Today, the US will see significant data on income and expenditure of consumers, the forecasts for which are also positive. Personal incomes in the March estimate are expected to increase by 0.4%, personal expenses also by an increase of 0.4% against the February rate of 0.2%. The index of business activity in the manufacturing sector of the Chicago region for April is expected to increase from 57.4 to 58.2. Unfinished sales in the secondary real estate market in March could add 0.4% after 3.1% a month earlier. All these data increase attention to the upcoming Fed meeting on Wednesday. We are waiting for the euro to return to the range of 1.2040 / 60. Personal incomes in the March estimate are expected to increase by 0.4%, personal expenses also by an increase of 0.4% against the February rate of 0.2%. The index of business activity in the manufacturing sector of the Chicago region for April is expected to increase from 57.4 to 58.2. Unfinished sales in the secondary real estate market in March could add 0.4% after 3.1% a month earlier. All these data increase attention to the upcoming Fed meeting on Wednesday. We are waiting for the euro to return to the range of 1.2040 / 60. Personal incomes in the March estimate are expected to increase by 0.4%, personal expenses also by an increase of 0.4% against the February rate of 0.2%. The index of business activity in the manufacturing sector of the Chicago region for April is expected to increase from 57.4 to 58.2. Unfinished sales in the secondary real estate market in March could add 0.4% after 3.1% a month earlier. All these data increase attention to the upcoming Fed meeting on Wednesday. We are waiting for the euro to return to the range of 1.2040 / 60. All these data increase attention to the upcoming Fed meeting on Wednesday. We are waiting for the euro to return to the range of 1.2040 / 60. All these data increase attention to the upcoming Fed meeting on Wednesday. We are waiting for the euro to return to the range of 1.2040 / 60.