Busy Friday amid many macro data


It looks like a busy day for traders as the macro calendar is full of many important updates. 

On Thursday, the European Central Bank decided at its meeting to leave its 1.85 trillion EUR bond-buying program unchanged, confirming that purchases will run at an elevated pace in the current quarter.

The EURUSD pair was without a reaction, but it continues its trend higher on Friday as it jumped above 1.2050.

Back in Europe, the UK retail rose more than expected, bolstering sterling, and the GBPUSD pair was trying to advance above 1.39. Later in the day, UK PMIs are due and could cause more volatility in the cable. 

Additionally, the EU services PMI rose to 50.3 from 49.6 previously, while the manufacturing sector improved to 63.3 from 62.5. Both numbers beat market forecasts. 

Later in the day, US new home sales are due, along with the PMIs for April. 
Cookie Policy: The Axiory website uses cookies and by continuing using the website you consent to this. Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please read the full Privacy Policy.