Article By RoboForex.com
EURUSD remains under pressure; market players are cautiously selling.
On Tuesday, the major currency pair remains under the same pressure as yesterday. The current quote for the instrument is 1.1272.
A little bit later in the afternoon, the Euro Area and Germany are scheduled to report on the ZEW Economic Sentiment for December, which are both expected to show a significant decline and may force the major currency pair to fall. The revised GDP reading from the alliance is not expected to be a big surprise.
The Euro is using any calmness on financial markets to recover but none of these attempts has been successful so far.
Investors’ attention is slowly switching to the December meeting of the US Fed, where the regulator is expected to decide in favour of the QE Programme closure ahead of time. If the Fed closes the programme in April, it may get back to discussing the rate hike as early as May or June.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
For the “greenback”, this would be excellent mid-term support.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- European indices grow on the ECB’s “dovish” position. Quarterly reports of mega-companies support the broad market Apr 29, 2024
- Japanese yen shows volatility amid speculation of intervention Apr 29, 2024
- COT Bonds Charts: Speculator Weekly Changes led by 5-Year & 10-Year Bonds Apr 28, 2024
- COT Stock Market Charts: Speculator Bets led by VIX & Russell-Mini Apr 28, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Apr 28, 2024
- Today, investors’ focus is on the PCE Price Index inflation report Apr 26, 2024
- Gold price recovers amid uncertain US economic outlook Apr 26, 2024
- This “Bullish Buzz” Reaches Highest Level in 53 Years Apr 26, 2024
- FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil Apr 25, 2024
- Target Thursdays: NAS100, Robusta Coffee, USDCHF Apr 25, 2024