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%."
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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