The University of Michigan preliminary consumer sentiment figure for May came out at 81.8 points, short of expectations. Markets had expected a rise from 84.1 to 84.7 points. The disappointment comes after strong housing figures, and it is the last data publication of a very busy and volatile week. Earlier, building permits for April rose to 1.08 million (annualized) and housing starts to 1.07 million, both much higher than numbers around 1 million expected. The better than expected housing figures curb worries that rose regarding the sector. Fed Chair Yellen dedicated time to housing and recent new home sales figures came out below expectations. Regarding consumption, the weaker consumer sentiment goes hand in hand with mediocre retail sales data. All in all, US data is not all going in one direction: there are quite a few bumps, even though the economy continues growing and more jobs are added. The week was quite interesting in currency trading, with the euro plunging, the pound retreating from highs and the yen making a comeback. We do not have any more figures to chew on, and now the last minute moves depend on flows. More: US data looking good, so why did the dollar drop? 5 reasons 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 EURJPY: Bear Pressure Dominates Price Action FX Tech Strategy 8 years The University of Michigan preliminary consumer sentiment figure for May came out at 81.8 points, short of expectations. Markets had expected a rise from 84.1 to 84.7 points. The disappointment comes after strong housing figures, and it is the last data publication of a very busy and volatile week. Earlier, building permits for April rose to 1.08 million (annualized) and housing starts to 1.07 million, both much higher than numbers around 1 million expected. The better than expected housing figures curb worries that rose regarding the sector. Fed Chair Yellen dedicated time to housing and recent new home sales figures… 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.