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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 188175, member: 65834"] EURUSD RESILIENT ABOVE 1.19 HANDLE AMID VACCINE OPTIMISM AND RECOVERY HOPES [ATTACH type="full"]17308[/ATTACH] EURUSD extend gains for the third straight session owing to the market's euphoric mood led by vaccine breakthroughs and the prospect of quick economic recovery. Besides, the broad-based weakness in the greenback is adding to the bid tone surrounding the shared currency. As of now, the currency pair is trading at the 1.1925 level, up by 0.12%. Coming to the previous session, EURUSD surged to a 2-months high of 1.1929 level buoyed by the vaccine optimism that gave a boost to the risk appetite of investors. In addition to this, the dismal data released by the US exerted downward pressure on the greenback. The US Initial Jobless Claims came at 778k, worse than expected 732k, thus suggesting the negative impact of the second wave of coronavirus in the US that undermined the labor market recovery. Subsequently, EURUSD concluded the day in green at 1.1911 level, up by 0.19%. Moving ahead, the investor can take cues from the M3 Money Supply data and ECB Monetary Policy Meetings Accounts slated for today. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/241914484017592"]www.facebook.com/fxviewdotcom/posts/241914484017592[/URL] [/QUOTE]
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