Macro Releases: EUR/USD, GBP/USD

Dukascopy Bank Team Dukascopy Bank SA

EUR/USD: US Durable Goods Orders

The European Common Currency traded sideways against the US Dollar, following the US Durable Goods Orders data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 5 pips or 0.04% right after the release. The Euro continued trading at the 1.1196 level against the Greenback.

Census Bureau released the US Core Durable Goods Orders data, which came out slightly worse-than-expected of 0.0% compared with forecast 0.1%.

According to analysts, orders' decline was driven mostly by the US-China trade war. Non-military capital goods orders, except aircraft, declined 0.9%. Bookings for all items meant to last at least 3 years dropped 2.1%.

GBP/USD: UK Retail Sales

The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 5 pips or 0.04% right after the release. The British Pound continued trading at the 1.2690 level against the Greenback.

Office for National Statistics released the UK Retail Sales data, which came out better-than-expected of 0.00% compared with forecast –0.1%.

According to the official release: "In the three months to April 2019, the quantity of goods bought (volume) in retail sales increased by 1.8% when compared with the previous three months, with strong growth in non-store retailing, which reached a record high of 9.4%."

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Dukascopy Bank SA

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