More worries about the US consumer: the UoM consumer sentiment dropped sharply to 88.6 points. Expectations fell to 81.5 points and conditions to 99.8 points. The publication implies that consumption will remain low also in May, after a weak April. The US dollar is lower, with EUR/USD up to 1.1375. The University of Michigan / Reuters consumer sentiment measure was expected to stand at 95.8 points in the preliminary read for May, similar to 95.9 points in the final print for April. The US dollar tried to recover before the publication, but with little success. Earlier, the Empire State Manufacturing Index disappointed with only 3.09 points. In addition, industrial output fell 0.3%, worse than expected, but at least it came from higher ground thanks to upwards revisions. Here is the preview: trading the US consumer sentiment with EUR/USD Consumer sentiment is supposed to provide an indication on spending, but the actual retail sales figure is not always fully correlated with sentiment. In our latest podcast, we ask: USD: Glass half full or half empty? And also discuss other topics: Subscribe to Market Movers on iTunes Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Sterling Post-Election Honeymoon Extends Despite Cautious Carney David Starkey 7 years More worries about the US consumer: the UoM consumer sentiment dropped sharply to 88.6 points. Expectations fell to 81.5 points and conditions to 99.8 points. The publication implies that consumption will remain low also in May, after a weak April. The US dollar is lower, with EUR/USD up to 1.1375. The University of Michigan / Reuters consumer sentiment measure was expected to stand at 95.8 points in the preliminary read for May, similar to 95.9 points in the final print for April. The US dollar tried to recover before the publication, but with little success. Earlier, the Empire State Manufacturing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
