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  • The Conference Board Consumer Confidence Index Retreats in April

    From conference-board.org

    The Conference Board Consumer Confidence Index®, which had increased in March, declined in April. The Index now stands at 95.2 (1985=100), down from 101.4 in March. The Present Situation Index decreased from 109.5 last month to 106.8 in April. The Expectations Index declined from 96.0 last month to 87.5 in April. The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was April 17. “Consumer ... (full story)

LMAO, ..... where are those Parity warriors?
This may put a temporary blip in the dollar rise. Still other countries are going to be inflating more than the US despite this awful number. It does appear the trend is back to recession.
Is that bad enough for USD?
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Oh no! What has happened to my long USD position?
Quoting Ojiego
LMAO, ..... where are those Parity warriors?
I'd refrain from making statements like that. For clarification: every single data within the past few weeks is inconsequential compared to the FOMC update tomorrow.

It's the FOMC data that could potentially slam all major pairs against the USD down to the ground again, or it could provide an extra boost to the euro, sterling, etc.

All the veteran members of Forex Factory are focused on the FOMC for determining for upcoming value of the USD. Saying parity for the eur/usd is impossible right now? It has very little fundamentals and events to back it up; I would not trade my account with that assumption, since it's so easy for it to go wrong.
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how long have you been trading words like Parity can change with the wind in this game
Here lived USD ...rest in peace !
Quoting Vermillion
Saying parity for the eur/usd is impossible right now? It has very little fundamentals and events to back it up; I would not trade my account with that assumption, since it's so easy for it to go wrong.
LOL, you write like those GS-guys, always contradicting themselves.

Well, I still stand by my opinion, there will be no parity this year on the EUR/USD.
Quoting Ojiego
LOL, you write like those GS-guys, always contradicting themselves.

Well, I still stand by my opinion, there will be no parity this year on the EUR/USD.
I thought my sentences were pretty clear. How did I contradict myself? There is little to no fundamentals (i.e. world events and macroeconomics data) to support the notion that the eur/usd will not reach parity. Given the clusterfuck mess the Eurozone is in (Spain, Italy, Greece, etc, etc.), the massive 1.2 trillion QE is the primary support behind Europe's "recovery" right now. It's has a limited shelf life, and has not solved anything in Europe right now.

And also, you never said the eur/usd will not reach parity this year. All you said was "LMAO...where are those parity warriors?"

I also never said the eur/usd was going to reach parity within the year. All I said was that given the current economics situation, it isn't impossible for the eur/usd to reach parity.

You've also curiously left my comment about Federal Open Market Committee alone. Just ask any reputable trader here. The FOMC is the biggest variable in the market right now.
Quoting Vermillion
It's the FOMC data that could potentially slam all major pairs against the USD down to the ground again, or it could provide an extra boost to the euro, sterling, etc.
Well, I do not want to hair-split here but there you go ...

Moreover, I have seen FOMC events that remained stale for more than 4hours before markets started moving. But I respect your opinion as well as most other contributors here. So, nothing against your person.
EURUSD parity assumes that there will be a FED rate hike. As long as the US continues to put out anemic economic numbers I don't see the FED raising rates come June.
what will happen to eurusd,gbpusd and audusd in coming days after the fomc meeting tomorrow???
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No one can predict whats going to happen but Price!
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