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26 Jun 2013
Session recap: USD trades slightly higher as US data support sentiment
FXstreet.com (San Francisco) - The Greenback advanced on Tuesday against its major’s competitors as the sea of upbeat US economic data supported the sentiment regarding the Fed tapering idea. However, the Stocks also rose and recovered almost all of Monday's losses.
The whole idea is that the US is signaling strength according to the data published earlier in the day; and the USD has performed accordingly. The EUR/USD retraced all of the small Monday's gains and the pair is moving around the 1.3100.
The GBP/USD held the 1.5400 level; the USD/JPY tested the 97.00 level but the pair managed to recover ground and tested the 98.00 area. The USD/CAD posted its 8th positive day in a row and after advancing around 400 pips since June 14, the pair is now above the 1.0500 level.
Main headlines in the American session:
US: Durable Good Orders rose 3.6% in May
US: S&P/Case-Shiller Home Price Indices rise more than expected in April
US: Housing Price Index rises 0.7% in May
US: Consumer Confidence up to 81.4 in June
US: New Home Sales up by 476K in May
US: Richmond Fed Manufacturing Index up to 8 in June
Fed’s Fisher sees ‘injustice’ in perpetuating too-big-fail firms
Developing world concerned about Fed policy – World Bank leader
Wall Street bounces after Monday's sell-off
Richmond Fed’s Lacker: Says there is no ‘strong basis’ yet to limiting the size of banks, their activities
The whole idea is that the US is signaling strength according to the data published earlier in the day; and the USD has performed accordingly. The EUR/USD retraced all of the small Monday's gains and the pair is moving around the 1.3100.
The GBP/USD held the 1.5400 level; the USD/JPY tested the 97.00 level but the pair managed to recover ground and tested the 98.00 area. The USD/CAD posted its 8th positive day in a row and after advancing around 400 pips since June 14, the pair is now above the 1.0500 level.
Main headlines in the American session:
US: Durable Good Orders rose 3.6% in May
US: S&P/Case-Shiller Home Price Indices rise more than expected in April
US: Housing Price Index rises 0.7% in May
US: Consumer Confidence up to 81.4 in June
US: New Home Sales up by 476K in May
US: Richmond Fed Manufacturing Index up to 8 in June
Fed’s Fisher sees ‘injustice’ in perpetuating too-big-fail firms
Developing world concerned about Fed policy – World Bank leader
Wall Street bounces after Monday's sell-off
Richmond Fed’s Lacker: Says there is no ‘strong basis’ yet to limiting the size of banks, their activities