EUR/USD Current Price: 1.1021
- US-Sino trade talks continue, but the market needs more than optimistic words.
- US Consumer Confidence fell modestly in November to 125.5, according to CB.
- EUR/USD holding within Monday’s range, risk skewed to the downside.
Little happened around the EUR/USD pair in the last 24 hours, still confined to a tight range between Fibonacci levels. Investors lacked motivation, as, despite positive comments from US and Chinese authorities, there are no material signs of progress. Data coming from these two economies failed to impress, despite mixed. Germany released the December GFK Consumer Confidence Survey, which printed at 9.7, surpassing the previous and the expected 9.6. The most relevant figure released by the US, the CB Consumer Confidence Index, fell in November to 125.5, although the October number was upwardly revised to 126.1.
Mid-US session, US President Trump said that the US is in the "final throes" on reaching a trade deal with China, although the market’s reaction to the headline was quite limited, as loads are being said but little done.
EUR/USD Short-Term Technical Outlook
Image Sourced from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.