LiteForex - Analytics


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    Weekly news review on 18.05.2015

    Last week was big with news; and therefore extremely volatile.  Therefore, summing up the results we would like to note that correction to the growth of the USD, which started mid-April, has reached pivot point. The main driver of the movement in the market was the US news, although it was disappointing. A series of negative US news included industrial output statistics, capacity utilization and consumer confidence index Reuters/Michigan. Industrial output fell by 0.3% in April versus expectation of growth by 0.1%. Capacity utilization for the same period fell by 78.2% against the forecast of 78.4%. Consumer confidence index was also below expectations (88.6 against the forecast of 96.0). The USD sharply went down amid this news; however, by the end of the session it slightly regained lost positions.


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