Another disappointing US figure: consumer confidence slips from 95.1 to 93.1 points in July, lowering the prospects of a recovery in retail sales. A separate report showed inventories rising by 0.3%, exactly as expected. Among the components, current conditions have ticked up from 112.5 to 113.2. Expectations dropped from 83.9 to 80.2. The US dollar is licking its wounds on lower ground, after the previous data. USD/JPY remains at 112.35. It traded above 113 before the retail sales and inflation data. EUR/USD is around 1.1460. GBP/USD is on the move, trading at 1.3070. USD/CAD is trading under 1.27. AUD/USD is close to critical resistance. The pair is currently at 0.7820, whereas resistance is at 0.7835. The University of Michigan’s consumer confidence measure was expected to stand at 95 in the preliminary read for July. Earlier, industrial output came out at 0.4%, slightly better than expected. However, inflation and retail sales figures badly disappointed. The result was a big downfall in the dollar, with EUR/USD breaking resistance. 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 GBP/USD breaks with momentum to a 10-month high Yohay Elam 6 years Another disappointing US figure: consumer confidence slips from 95.1 to 93.1 points in July, lowering the prospects of a recovery in retail sales. A separate report showed inventories rising by 0.3%, exactly as expected. Among the components, current conditions have ticked up from 112.5 to 113.2. Expectations dropped from 83.9 to 80.2. The US dollar is licking its wounds on lower ground, after the previous data. USD/JPY remains at 112.35. It traded above 113 before the retail sales and inflation data. EUR/USD is around 1.1460. GBP/USD is on the move, trading at 1.3070. USD/CAD is trading under 1.27. AUD/USD is… 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.
