EUR/USD attempted to rally today, bolstered by the
Both personal income and spending rose 0.4% in June, matching expectations. That is compared to the previous month’s growth of 0.4% for income and 0.5% for spending. Core PCE inflation rose 0.1%, also matching expectations, after rising 0.2% in May. (Event A on the chart.)
S&P/
Chicago PMI jumped to the
Consumer confidence advanced to 127.4 in July from 127.1 in June. The actual value was far better than the reading of 126.5 predicted by analysts. (Event D on the chart.)
Yesterday, a report on pending home sales was released, showing an increase by 0.9% in June that followed the drop by 0.5% in May. The consensus forecasts had promised a smaller increase by 0.4%. (Not shown on the chart.)
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I dont understand, is it rally up or rally down? Cause im on short rightnow.
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Andriy Moraru Reply:
July 31st, 2018 at 4:18 pm
There is no rally. There was just an attempt.
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