Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
EURUSD
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Terry_8, post: 187683, member: 65834"] CORONAVIRUS FEARS WEIGH ON EURO, FOCUS ON FED CHAIR POWELL’S SPEECH [ATTACH type="full"]17237[/ATTACH] The surge in the coronavirus cases across the global at a robust pace and its implications on the economic recovery prospect is keeping riskier assets, including EURUSD on the losing side this Thursday. The US has reported a record 140k new contagion in a single day, while France and Italy registered over 35k and 32K new cases, respectively in the last 24 hours. Considering the latest surge, the US and Italy have ramped up their efforts to curb the spread of the virus by imposing new economic restrictions. As of now, the currency pair is trading flat to negative at the 1.1769 level, down by 0.06%. Coming to the previous session, the currency pair initially peaked at 1.1832 level amid continued optimism regarding the coronavirus vaccine developed by Pfizer and BioNTech that has shown promising results in the late-stage clinical trials. However, the pair quickly reverted from the day’s high level and succumbed to selling pressure as the greenback gained ground across the board. Later, ECB President Christine Lagarde expressed concerns regarding the coronavirus pandemic and mentioned the likelihood of lower inflation that helped the pair to rebound from the day’s low of 1.1745 level. Despite that, the currency pair settled the day in red at 1.1777 level, down by 0.30%. Moving ahead, market participants should closely follow the Europe Industrial Production report and speech of ECB President Lagarde slated for today. Later in the North American session, the focus will shift towards the US CPI data, Unemployment Claims data, and Speech of FED Chairman Powell. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/234159784793062"]www.facebook.com/fxviewdotcom/posts/234159784793062[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…