A pack of US data was released at 3:00 pm BST today. While both soft and hard data was released, the market was more focused on the former, especially Conference Board consumer confidence reading for April. CB reading turned out to be a disappointment with headline index dropping from 104.2 to 101.3 (exp. 104.0). Lower reading was driven by a drop in expectations subindex. Other data released simultaneously to CB reading turned out to be mixed - new home sales increased 9.6% MoM in March and beat expectations while Richmond Fed index came in lower than expected.
US data released at 3:00 pm BST today
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Create account Try a demo Download mobile app Download mobile appConference Board Consumer Confidence for April:101.3 vs 104.0 expected (104.2 previously)
- Present situation: 151.1 vs 151.1 previously
- Expectations: 68.1 vs 73.0 previously
Richmond Fed manufacturing index for April: -10.0 vs -8.0 expected (-5.0 previously)
New home sales for March: 683k vs 630k expected (640k previously)
Markets barely saw any reaction to the release of US data. USD ticked lower with EURUSD attempting to halt a decline in the 1.10 area while US index futures moved slightly higher following the release.
EURUSD attempts to bounce off the 1.1000 area after release of US survey and housing market data. Source: xStation5
