Consumers are less confident: a slip from 97.1 to 94.5 points in the UoM measure. The conditions component also slipped from 111.7 to 109.6. Expectations fell from 87.7 to 84.5 and inflation expectations remain unchanged. The US dollar is slightly lower, extending the correction that began beforehand. EUR/USD is topping 1.1180. USD/JPY is down to 110.80. The University of Michigan / Reuters consumer confidence measure was expected to remain unchanged at 97.1 points in June. This is the preliminary release. The US dollar was ceding a bit of ground after making Fed-related gains since Wednesday evening. In political news, President Trump acknowledged he is under investigation, ranting about it on Twitter as usual. The special counsel Mueller is digging deeper into the Trump campaign’s ties with Russia and is looking at the First Son in Law Jared Kushner. Vice President Mike Pence has reportedly hired a criminal lawyer. The most recent drop in the dollar is both profit-taking and a reaction to somewhat weaker data. Building permits have dropped from 1.23 million to 1.17 million annualized, while a rise to 1.25 was expected. Housing starts are also down: to 1.09 million from 1.16, also defying expectations for a rise. The big boost for the dollar came from the hawkish hike from the Federal Reserve. Yellen and co. shrugged off low inflation on one-off factors and expressed confidence, enough to raise rates one more time later this year. We still have one more event this week: FOMC member Kaplan will be speaking at 16:45 GMT. More: EUR/USD: Staying Tactically Short on perfect USD liquidity storm – Danske 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 Forex Weekly Outlook – June 19-23 2017 Yohay Elam 6 years Consumers are less confident: a slip from 97.1 to 94.5 points in the UoM measure. The conditions component also slipped from 111.7 to 109.6. Expectations fell from 87.7 to 84.5 and inflation expectations remain unchanged. The US dollar is slightly lower, extending the correction that began beforehand. EUR/USD is topping 1.1180. USD/JPY is down to 110.80. The University of Michigan / Reuters consumer confidence measure was expected to remain unchanged at 97.1 points in June. This is the preliminary release. The US dollar was ceding a bit of ground after making Fed-related gains since Wednesday evening. In political news, President… 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.
