The dollar traded at a lower level today following the release of negative data from the U.S., as the Retail Sales data was lower than expected yesterday, weakening the currency against major currencies; the EUR/USD traded as high as 1.070, while the USD/JPY tested its support at 119.10. U.S. indices, on the other hand, had a positive trading session with the energy sector supported by the latest increase in oil prices. The S&P 500 added 0.2% and the Dow Jones added 0.3%.
Despite positive statements from Mario Draghi, the ECB press conference went relatively unnoticed in the currency markets today. Moving in a small range against most currencies, the euro was not boosted by the positive outlook for the economy in the Eurozone. Stocks did manage to benefit slightly; the FTSE 100 gained 0.37% in today’s trading session, while the German DAX went up by 0.03%, marking an overall positive trading session.
April 15, 2015 – Daily Market News
The dollar traded at a lower level today following the release of negative data from the U.S., as the Retail Sales data was lower than expected yesterday, weakening the currency against major currencies; the EUR/USD traded as high as 1.070, while the USD/JPY tested its support at 119.10. U.S. indices, on the other hand, had a positive trading session with the energy sector supported by the latest increase in oil prices. The S&P 500 added 0.2% and the Dow Jones added 0.3%.
Despite positive statements from Mario Draghi, the ECB press conference went relatively unnoticed in the currency markets today. Moving in a small range against most currencies, the euro was not boosted by the positive outlook for the economy in the Eurozone. Stocks did manage to benefit slightly; the FTSE 100 gained 0.37% in today’s trading session, while the German DAX went up by 0.03%, marking an overall positive trading session.
Today’s Main Events:
11.45 GMT – EUR – ECB Interest Rate Decision
12.30 GMT – EUR – ECB Press Conference
13.15 GMT – USD – Industrial Production
14.30 GMT – USD – Crude Oil Inventories
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