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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 187598, member: 65834"] EURUSD ADVANCES AS INVESTORS CHEER CORONAVIRUS VACCINE DEVELOPMENT [ATTACH type="full"]17215[/ATTACH] EURUSD is resilient above the 1.18 handle amid a prevailing risk-on mood that is boding well with the single currency in the early Asian session. The risk sentiments are buoyed by hopes of a new experimental coronavirus vaccine developed by Pfizer and BioNTech that has shown promising results in the late-stage clinical trials. The vaccine claims to be 90% effective, thus supporting market sentiments and boosting optimism about the prospect of economic recovery. As of now, the currency pair is bidding at the 1.1834 level, representing gains of 0.18%. Coming to the previous session, EURUSD initially soared to the intraday high of 1.1920 level after Joe Biden clinched victory over the incumbent Donald Trump, which paves way for less confrontational policies along with additional stimulus expectations. Also, the development in the coronavirus vaccine helped improve the risk appetite of investors. However, later in the session, the currency pair plunged to the low of 1.1795 as the greenback bounced off its 10-weeks low. Subsequently, EURUSD settled the day in red at 1.1812 level, down by 0.51%. Moving ahead, investors can take cues from the German ZEW Economic Sentiment data, the US JOLTS Job Opening data, and the speech of FOMC Member Kaplan slated for today. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/233633471512360"]www.facebook.com/fxviewdotcom/posts/233633471512360[/URL] [/QUOTE]
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