EUR/USD extends profits, the American dollar falls before the data from consumer moods Michigan Michigan

The euro regains the loss among the more supportive risk mood, but there is still a 0.35% decrease in a week.
BRIGHT USA Data on corporate profits and dovish Comments Fed Waller escalate the risks appetite on Friday.
EUR/USD maintains an intact wider bear tendency, with the resistance of 1.1655 can accommodate bulls.

EUR/USD couple He publishes a significant recovery on Friday, because the Appetite for the Risk observed in the USA and Asian has expanded to the European session. The positive mood of the market is to escalate the euro and weighing to the American dollar, and American achievements of the treasury before issuing an American report from the Michigan consumer sentiments index.

EUR (EUR) to 1.1645 in a European morning session, compared to Thursday three weeks 1.1555. However, the pair remains about 0.3% below the weekly opening, on the road to the second in a row negative weekly results.

The party of positive corporate results was published on Thursday, and Netflix, Chipmaker TSMC, Pepsico and United Airlines have overcome expectations. These reports increased market moods and caused a further rally in actions, weighing the American dollar safely and allowing couples higher.

The sentiment has expanded to Asian and European sessions, which is additionally supported by dorsal comments Fed Governor Waller, who warned against the growing risk of the labor market and general economic growth, and confirmed that the Fed should reduce interest rates after the July meeting.

Earlier on Thursday, published US economic data revealed a forceful recovery of retail sales in June and an unexpected decrease in unemployment claims, which fell to their lowest level in the last three months of July 12. This data and a forceful consumer price indicator (CPI) saw earlier This weekThey gave further reasons for the Federal Reserve (FED) in order to maintain their monetary policy unchanged until the impact of the tariffs was explained.

Euro price today

The table below shows the percentage change in the euro (EUR) in relation to the main currencies. The euro was the strongest in relation to the American dollar.

	USD	EUR	GBP	JPy	BOOR	Aud	NZD	CHF
USD		-0.41%	-0.29%	-0.07%	-0.21%	-0.53%	-0.60%	-0.49%
EUR	0.41%		0.14%	0.35%	0.20%	-0.12%	-0.30%	-0.07%
GBP	0.29%	-0.14%		0.20%	0.08%	-0.25%	-0.39%	-0.19%
JPy	0.07%	-0.35%	-0.20%		-0.13%	-0.46%	-0.64%	-0.32%
BOOR	0.21%	-0.20%	-0.08%	0.13%		-0.34%	-0.47%	-0.27%
Aud	0.53%	0.12%	0.25%	0.46%	0.34%		-0.14%	0.05%
NZD	0.60%	0.30%	0.39%	0.64%	0.47%	0.14%		0.19%
CHF	0.49%	0.07%	0.19%	0.32%	0.27%	-0.05%	-0.19%

The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose the euro on the left column and go along the horizontal line to the American dollar, the percentage shift displayed in the field will represent the EUR (base)/USD (quote).

Daily Digest Market Movers: Strong data in the US is at the base of the American dollar

This week, economic data in the US shows the image of a resistant economy, despite higher inflation trends resulting from Trump tariffs. The combination of forceful consumption with a vigorous labor market and rising consumer prices practically rejected the reduction of interest rates in July, and the chances of one in September are falling. In this context, it is expected that losses in the American dollar will be restricted.
On Thursday, the US universal census office recorded an escalate of 0.6% in the June retail sales, well above 0.1% of the market analysts predicted by market analysts and 0.9% after contraction. Excluding cars, the sale of all other products increased by 0.5%, also over 0.3% of the escalate in the market consensus, which reveals that the improvement of consumption was wide.
In addition, weekly initial unemployed claims fell to 221,000 in the week of July 12, from an escalate of 228,000 last week and, contrary to the expectations of growth to 235,000.
Finally, the Fed Fed production indicator in Philadelphia improved to 15.9, beating the market consensus, which predicted reading -1, after reading -4 last month.
In the euro area, data on the current account in May showed a lower than the expected escalate in the surplus of the region, which in May increased to EUR 32.3 billion from 199.8 billion in the previous quarter, but below the market consensus by EUR 34.8 billion.
Data of the German manufacturer’s price indicator (PPI) published on Friday showed a 0.1% escalate in inflation in June, ticks above 0% of market consensus, after contraction 0.2% in May. However, year -on -year PPIs contracted at a rate of 1.3%, except for a 1.2% decline in May and expanding the deflation tendency for the fourth month in a row.
Later today, July in the consumer sentiments index in Michigan is to show an improvement to 61.5 from reading 60.7 in June. These numbers would reflect forceful data on retail sales perceptible on Thursday and would escalate evidence of a resistant economy in the USA.

EUR/USD recovery will probably meet the resistance at 1.1655

EUR/USD It jumps from Thursday’s low, but the wider trend remains bear. From July 1, this couple still trade in the expanding wedge. This number emphasizes the emotional market and often provides for a significant reversal.

The Friday price campaign shows the gentle toy pressure, but the 4-hour relative force indicator (RSI) remains below level 50 on the negative territory, with the previous support level, at level 1.1655 (July 11, 14 low), probably challenging bulls. In addition, the top of the channel is 1,1670, and ups on July 14 and 15, just below 1,1700, are the next goals.

On the other hand, the area between the lowest Thursday at 1.1555 and 1.1530, where 78.6% Fibonacci Withdrawal at the end of June running in 1.1535 exceeds the lower wedge, it is a significant technical floor. Below it will focus on a low level of 22 and 23 June, at 1.1455.

Economic indicator

Index of consumer sentiments Michigan

Michigan consumer sentiments index, issued every month by University of MichiganIt is a survey assessing moods among consumers in the United States. The questions include three wide areas: personal finances, business conditions and purchase conditions. The data shows the image of whether consumers are ready to spend money, a key factor, because consumer expenditure is the main driving force of the US economy. The study of the University of Michigan turned out to be an right indicator of the future US economy. The study publishes preliminary reading in mid -month and the last print at the end of the month. In general, high reading is stubborn for an American dollar (USD), while low reading is bears.

Economic indicator

UOM annual expectations of consumer inflation

. Inflation expectations of the University of Michigan Mauge records how many consumers predict that prices will change in the next 12 months. It comes out in two rounds – a preliminary edition, which tends to escalate a larger blow and then improved update two weeks later.