The market major has been consolidating in a narrow range for several days. The current quote is 1.0620.
As was said earlier, EURUSD investors have already got all the facts they might need. Theoretically, situation there must be stable until Christmas.
The statistics from yesterday was quite curious. For example, new house foundations in the US in November did not change, remaining at 1.43 million while 1.40 million had been expected. This is unusual but positive: Americans keep on building houses even when prices are growing. At the same time, the number of construction permits dropped to 1.34 million from 1.51 million. This is normal due to seasonal changes.
All in all, the US real estate sector looks absolutely confident. Demand has never crashed here, though supply is somewhat decreasing. Consumers show no agitation that could appear if they expected real worsening of the economic conditions.
The CCI in the euro zone in December grew to -22 points from -24 points, as expected.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks 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.
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.
- The People’s Bank of China kept key rates unchanged. Oil grows amid escalating conflict in the Middle East Sep 20, 2024
- AUD/USD Reaches New Heights as Risk Sentiment Improves Sep 20, 2024
- Brent Crude Oil Rebounds Amid Monetary Easing and Market Dynamics Sep 19, 2024
- The US Fed surprised the market with a sharp rate cut. Australia’s labor market remains resilient Sep 19, 2024
- The US Federal Reserve will begin its rate-cutting cycle today. In the UK, inflation figures were unchanged Sep 18, 2024
- USDJPY Experiences Renewed Decline as Market Adjusts Expectations Sep 18, 2024
- Countdown to Fed decision enters final hours Sep 18, 2024
- Gold (XAUUSD) Holds Near Record Highs Amid Anticipation of Fed Rate Cut Sep 17, 2024
- EUR/USD Gains as Fed Meeting Approaches Sep 16, 2024
- The US Federal Reserve may start the rate-cutting cycle with a 0.5% move. Silver reached a 2-month high Sep 16, 2024