Ella 
EUR/USD was volatile on Thursday, briefly breaking below its 50-day exponential moving average (EMA) and hitting the 1.1000 level for the second time in a week. The late-evening rebound pushed Fiber buying back to where it started the trading day, near the 1.1200 mark.
Pan-European first quarter gross domestic product (GDP) data slipped slightly, falling to 0.3% month-on-month. Annualized GDP remained at 1.2%, but the weakness in the first quarter data still gave Fiber traders pause. In the US, Producer Price Index (PPI) inflation fell just 0.1% month-on-month in April, giving investors some temporary relief, feeling that the effects of tariffs have yet to impact key economic data.
The latest consumer confidence index from the University of Michigan (UoM) will be released on Friday. The market expects the consumer survey to rise, after falling for four consecutive months to a two-year low of 52.2. Investors are hoping for some recovery in consumer confidence, which could lift the index to 53.4.
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