Hi, I am new here and I am just learning about the most important events, which influence EUR/ USD.
My question regards to "Consumer Sentiment (p)" which was the last event in the calendar today.
The description says:
" Higher sentiment levels are a leading indicator of rising consumer spending, which accounts for a third of the economy."
So the previous figure was 96.9 and today`s was 93.3. Nevertheless EUR/ USD lost about 10 pips within 2 minutes.
Can anybody explain that to me, because I thought lower Consumer Sentiment means also that the USD looses strength?
My question regards to "Consumer Sentiment (p)" which was the last event in the calendar today.
The description says:
" Higher sentiment levels are a leading indicator of rising consumer spending, which accounts for a third of the economy."
So the previous figure was 96.9 and today`s was 93.3. Nevertheless EUR/ USD lost about 10 pips within 2 minutes.
Can anybody explain that to me, because I thought lower Consumer Sentiment means also that the USD looses strength?