The University of Michigan's final consumer sentiment for the US increased to 82.9 in May from a preliminary of 82.8 and compared with market expectations of 83.0. Current conditions 89.4 vs 90.8 prelim. Expectations 78.8 vs 77.6 prelim
Inflation expectations for the year came in line with market estimates of 4.6%, while the 5-year outlook increased to 3%.
EURUSD rose slightly after today's data releases and is heading towards resistance level at 1.2183. Source:xStation5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰