The USD is celebrating Christmas in a strong position. Overview for 25.12.2019
The major currency pair stopped moving due to Christmas, but it is still under pressure.
EURUSD is barely moving on Wednesday as market players are celebrating catholic Christmas. The current quote for the instrument is 1.1093.
This time of the year, the market is traditionally thin and demand for the USD is usually higher due to its stability.
The statistics published yesterday showed that the Durable Goods Orders lost 2.0% m/m in November after adding 0.5% m/m the month before and against the expected reading of +0.2% m/m. The Core Durable Goods Orders didn’t change although it was expected to expand by 1.5% m/m.
The New Home Sales in the USA showed 719K in November after being 710K in October and against the expected reading of 730K.
There will be no significant macroeconomic reports in the calendar until the end of this week: as a rule, prices don’t want to go anywhere at the end of December.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.