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: 188364, member: 65834"] EURUSD BIDS NEAR 1.195 HANDLE AMID VACCINE OPTIMISM, FOCUS ON POWELL’S TESTIMONY [ATTACH type="full"]17340[/ATTACH] EURUSD caught fresh bids in the early Asian trading hours on Tuesday as riskier assets gain higher ground on vaccine hopes, although 1.20 handle is turning out to be a crucial resistance for the pair. As of now, EURUSD is trading at 1.1957 level, representing a gain of 0.29%. The continued optimism on coronavirus vaccine development that could probably hasten the economic recovery pace helped lift the markets. Besides, the Chinese data showcasing better than anticipated manufacturing expansion in November also supported the risk-on sentiments. Coming to the previous session, EURUSD initially peaked at 1.200 level in response to the news that Moderna Inc. applied for the emergency use of its effective coronavirus vaccine in the US and EU. Although, later in the session, the pair quickly lost its stream amid profit booking at its intraday high level. On the data front, Germany published dismal CPI data that stood at -0.8% against the expectation of -0.7%. On the US side, there were mixed reports as the pending home sales and the US Chicago PMI missed the mark, while the November Dallas Fed Manufacturing Business Index came at 12, better than 7.4 anticipated. Subsequently, the currency pair settled the day at 1.1923 level, down by 0.33%. Moving ahead, investors can take cues from the German and French Final Manufacturing PMI for short term trading impetus. Later in the day, the focus will shift towards the US ISM Manufacturing PMI and FED Chairman Powell’s testimony. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/245519753657065"]www.facebook.com/fxviewdotcom/posts/245519753657065[/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…