Categories: Market Overview

FxPro: Midday EURUSD roundup

The dollar index is trading close to 93.65, returned to decline after another failed attempt to grew above 94.00. EURUSD is at 1.1760 and under some pressure after a failed test to gain above 1.1800.

Bullish: Increased demand on stocks markets. Germany Wholesale Price Index rose above expectations on Monday, due to ECB’s Draghi hawkish comments about wages growth in Eurozone.

Bearish: ECB’s the Chief economist Peter Pratt noted that there is nothing new in the comments. Chinese officials warned that it is difficult to continue negotiations whereas the U.S. is putting “a knife to China’s neck.”

Next focus on: U.S. CB Consumer Confidence at 14:00 GMT.

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team
Tags: dxyeurusd

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

3 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

3 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

4 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

4 days ago

This website uses cookies