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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

U.S. Personal Income and Consumer Spending reports meet forecasts

Published August 1, 2017
  • U.S. Personal Income and Consumer Spending reports met forecasts this morning as market players look to gauge the strength of the world’s largest economy, and how it may impact the Federal Reserve’s view on monetary policy
  • The Eurozone economy expanded 2.3% in Q2, giving the ECB more ground for tightening its monetary policy in the fall
  • EUR is down slightly against the greenback despite this data showing economic growth
  • Oil prices slipped today after climbing to a two-month high overnight