EUR/USD holds steady above 1.1200 post-German GDP
15:30 Retail sales m/m- USD
Why traders care ? This is the earliest and broadest look at vital consumer spending data. it’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
The forecast is 0.2% if actual greater then forecast is good for currency
At the moment EUR/USD is trading just above 1.1200, steady. German GDP came out at 0.4% QoQ as expected and euro-zone GDP is expected to follow. US retail sales and further trade developments are eyed. (at 15:30 today).
Buy EUR/USD as long is above 1.1200 with targets 1.1260 &1.1300 in extension
GBP/USD clings to 1.2900 as May plans another Brexit vote
GBP/USD is trading around 1.2900, consolidating previous losses. UK PM May intends to bring her Brexit deal to a fourth vote in June as cross-party talks have not yielded results.
A follow-through selling below the 1.2900 handle will add credence to the negative outlook and turn the pair vulnerable to break below April swing lows support near the 1.2865 region and aim towards testing the 1.2800 round figure mark €
Sell GBP/USD with 1.2800 as a target
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