Yohay

Euro dollar was down from yesterday’s levels (April 17th), shrugging off some sparkling economic confidence releases. The German Economic Sentiment posted a reading of 23.4, easily surpassing the market forecast of 19.7. Not be outdone, Euro-zone Economic Sentiment came in at 13.1, its best performance since May 2011. The markets remain wary about the fiscal situation in Spain. The country held a successful bond auction, raising the full target of EUR3 billion. However, the government’s borrowing costs have almost doubled, and concerns persist as to the ability of the government to meet its deficit reduction goals. In stateside news, US Building Permits rose to 0.76M, beating the market forecast of 0.71M. This marked the best performance by the indicator since October 2008.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-april-18-economic-sentiment-releases-shine/"]EUR/USD April 18 - Economic Sentiment Releases Shine[/URL][/I][/B]