Yesterday, traders who went long on the USD saw some significant profits. The greenback gained 142 pips against the EUR, reaching the low of 1.5468 during yesterday’s trading session. The GBP\USD depreciated from 1.9755, down to 1.9594. The USD\JPY ascended from 107.25, up to 108.00.

Even though the USD was absent from the economic calendar yesterday, it nevertheless strengthened as a result of some very gloomy indicators published for the EUR, especially in Germany, which is considered the strongest and the most important economy in the Euro-zone. More support for the USD came during last Wednesday’s Fed announcement, that ensured U.S Interest Rates will remain intact after a string of cuts since September, calming the rising inflation.

As for today, a batch of data is scheduled for the USD. The first one on tap will be the U.S National Home Price Index. This indicator measures the annual change in the average price of a single family home in 20 metropolitan areas and is expected to decrease by 16.0%. Later, on 14:00 GMT, several additional indicators are scheduled to be published. The most important will be the Consumer Confidence, which measures the mood of consumers in regard to economic conditions. Despite the recent boost in retail spending, U.S consumers haven’t been feeling any more optimistic recently. As evidence, last month’s index fell to a 16-year low, printing at 57.2. This month, analysts forecast it to drop even further, probably to the level of 56.4. The House Price Index and the Richmond Fed Index are also scheduled around the same time; however they are not expected to have a large impact over the market. Today could be a great opportunity in the Currency trading Market to take advantage of the USD’s movements and gain profits on USD pairs.