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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 186315, member: 65834"] EURUSD TRADES MILDLY LOWER AMID SHATTERED US STIMULUS HOPES [ATTACH type="full" alt="Euro.png"]17057[/ATTACH] EURUSD trades near 1.732 level, representing a slight loss of 0.02% in the early Asian trading session on Wednesday. President Trump’s statement to halt negotiations regarding US fiscal stimulus, and surging coronavirus cases across Europe that shows no signs of abating are weighing on the investor's sentiments. Coming onto the previous session, initially, the pair surged above its crucial 1.18 handle following the news that Donald Trump has resumed his office after coronavirus treatment, thus boosting the risk appetite of the investors. However, later in the day, the pair was unable to hold gains and succumbed to selling pressure after President Trump called-off the stimulus talks until the elections. In addition to this, ECB President Christine Lagarde stated that instead of a V-shaped economic recovery, she anticipates a shaky rebound. Consequently, the pair fell to the day’s low, settling the day at 1.1731, down by 0.40%. For the day ahead, investors can take cues from the Italian Retail Sales data and Speech of ECB President Lagarde. Later in the day, the focus will shift towards the US FOMC Meeting Minutes for some meaningful trading impetus SOURCE FXVIEW FB: [URL='http://www.facebook.com/fxviewdotcom/posts/224264782449229']www.facebook.com/fxviewdotcom/posts/224264782449229[/URL] [/QUOTE]
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