The Euro is growing. Overview for 29.12.2020
EURUSD continues rising amid global positive.
The major currency pair intends to continue growing on Tuesday morning. The current quote for the instrument is 1.2240.
Financial markets are overwhelmed with positive emotions after US President Donald Trump signed the budget for 2021, $900 billion of which is a stimulus package. Not as if it was a surprise but market players, who returned to the market for a short period between Christmas and New Year, duly appreciated the good news. A thin pre-New Year market only inspires volatility growth.
Another positive news for bulls is the start of the vaccination against the coronavirus in Europe. Investors have high hopes for it, although the logic says that a lot of time will pass before the vaccination proves to be effective.
In addition to that, there are always risks of new aggressive COVID-19 strains. However, right now market players are trying to stay focused on positive news.
No statistics worth paying attention to have been published recently. In today’s economic calendar, one should pay attention only to US Treasury Currency Report but investors are highly unlikely to ignore it. Prices will probably continue moving by inertia driven by a positive attitude on the market.
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.
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