Session Recap: Majors consolidate in ranges

FXstreet.com (Córdoba) - The USD is little changed on the day trading in narrow ranges ahead of a long US holiday weekend.

Despite the heavy load of data published during the European session, the EUR/USD remained virtually unchanged around 1.3230. The eurozone jobless rate stood at 12.1% for the fourth consecutive month, while the flash CPI rate fell to 1.3% from 1.6% in July.

Elsewhere, majors are hovering around their opening levels, with GBP/USD just below 1.5500 and USD/JPY holding just above the 98.00 level. Stocks continue to trade with a slight risk-off tone Friday.

Out of America, markets will receive Canadian Q2 GDP, US personal income, Chicago PMI, Michigan consumer confidence and PCE.

Main Headlines in Europe:

Germany: Retail Sales contracted 1.4% MoM in July

UK: Nationwide Housing Prices rose 0.6% MoM in August

Commodities fell apart as Syria’s fears ease

Switzerland: KOF Leading Indicator rose to 1.36 in August

UK: Mortgage Approvals up to £60.624K in July

UK: Net Lending to Individuals rose to £1.3 billion MoM in July

UK: Consumer Credit rose 0.6%MoM in July

EMU: Consumer Confidence at -16 in August

EMU: Consumer Price Index rose 1.3% YoY

EMU: Unemployment rate stayed at 12.1%