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30 Dec 2014
EUR/USD settled back on the offer - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted how the EUR/USD pair saw a pinch of intraday volatility this Tuesday, with the dollar down across the board amid profit taking and risk aversion.
Key Quotes:
“But the pair ended the day pretty much where it started, a clear sign of the EUR self weakness. Stocks down early in the European session gave the pair a boost up to 1.2185, yet subsequent dollar slides failed to affect it”.
“From a fundamental point of view, the main event of the day was the US Consumer Confidence index that improved in December printing 92.6 up from a revised 91.0 in November and slightly below expected”.
“On Wednesday, the US will release its Chicago PMI readings, weekly unemployment figures and Pending Home sales numbers, and afterwards, the market will likely enter in holiday mode until Friday”.
Key Quotes:
“But the pair ended the day pretty much where it started, a clear sign of the EUR self weakness. Stocks down early in the European session gave the pair a boost up to 1.2185, yet subsequent dollar slides failed to affect it”.
“From a fundamental point of view, the main event of the day was the US Consumer Confidence index that improved in December printing 92.6 up from a revised 91.0 in November and slightly below expected”.
“On Wednesday, the US will release its Chicago PMI readings, weekly unemployment figures and Pending Home sales numbers, and afterwards, the market will likely enter in holiday mode until Friday”.