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EUR/USD bulls squashed on dollar demand - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the American dollar rallied against most of its major rivals this Tuesday, with the EUR/USD pair falling down to 1.0710 before finally bouncing some.

    Key Quotes:

    "Despite tension in the Middle East escalated this Tuesday, Chinese stocks ended the day with quite limited losses, leading to an improved market sentiment."

    "News coming from Europe were pretty disappointing, as an initial estimate shows that the EU annual inflation is expected to be 0.2% in December 2015, stable compared to November 2015, while the core figure is expected to retreat down to 0.8% from the previous 0.9%.

    The pair traded with a negative tone ahead of the news, accelerating its decline afterwards and breaking through the 1.0800 level."
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