USD consumer confidence is down and yet price of EUR/USD drop?

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Cuong Truong
5039
Cuong Truong  

USD consumer confidence is down and yet price of EUR/USD drop?
Shouldn't the EURO rise in price instead of a drop in price?

 USD consumer confidence 

Eleni Anna Branou
Moderator
6584
Eleni Anna Branou  

Welcome to the forex world ...

Nothing is like it seems ... nothing goes where it should ...

Sergey Golubev
Moderator
106094
Sergey Golubev  
EURO was rised. Because of the following -

some people (who are trading news events) are estimating the movement within the first 15 -20 minutes, and it was rised:



The other people (analytics who are analysing the price movement) are estimating the movement by the end of the trading day, and it was rised too:



As to today's movement so UoM Consumer Sentiment news event is not responsibe for it. Because it was on Friday, and today is Monday. And this news event is not strong one by definition: it may be medium impacted news, sometimes - it is high impacted news events.
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