#TradingEvents #FinancialNews #Today'sMarkets
Today, attention is focused on two significant events:
1. At 16:00 Moscow Time, the release of Consumer Price Index data for Germany is expected. For more details about the Consumer Price Index, click [here](https://freshforex.org/encyclopedia-forex/consumer-price-index/?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss).
2. At 16:30 Moscow Time, keep an eye on the number of Initial Jobless Claims in the USA.
#EURUSD: Over the last four sessions, the EURUSD pair has maintained a bearish trend. Currently, it has temporarily dropped below the 1.0900 level due to the strengthening of the US dollar. Positive employment data in Germany did not support the euro, which continues to be influenced by the dynamics of the dollar. The subsequent deterioration in the US labor market after unexpectedly low JOLTs data on job openings in November has also played a role.
The US Dollar Index (DXY) has risen to three-week highs, supported by a rebound in US yields. Anticipation surrounds news from the USA following the FOMC meeting in December, where discussions included the possible approach of interest rates to peak levels for the current economic cycle, as well as forecasts for rate cuts by 2024.
Comments from Richmond Fed member T. Barkin about a soft landing for the US economy and the possibility of rate hikes have also impacted the dollar. These factors have reinforced the already strong positions of the dollar in the middle of the week.
#TradingRecommendation: It is recommended to open sell orders in the range of 1.0910 - 1.0880. #Trading #Forex #MarketForecast #EuroDollar
Today, attention is focused on two significant events:
1. At 16:00 Moscow Time, the release of Consumer Price Index data for Germany is expected. For more details about the Consumer Price Index, click [here](https://freshforex.org/encyclopedia-forex/consumer-price-index/?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss).
2. At 16:30 Moscow Time, keep an eye on the number of Initial Jobless Claims in the USA.
#EURUSD: Over the last four sessions, the EURUSD pair has maintained a bearish trend. Currently, it has temporarily dropped below the 1.0900 level due to the strengthening of the US dollar. Positive employment data in Germany did not support the euro, which continues to be influenced by the dynamics of the dollar. The subsequent deterioration in the US labor market after unexpectedly low JOLTs data on job openings in November has also played a role.
The US Dollar Index (DXY) has risen to three-week highs, supported by a rebound in US yields. Anticipation surrounds news from the USA following the FOMC meeting in December, where discussions included the possible approach of interest rates to peak levels for the current economic cycle, as well as forecasts for rate cuts by 2024.
Comments from Richmond Fed member T. Barkin about a soft landing for the US economy and the possibility of rate hikes have also impacted the dollar. These factors have reinforced the already strong positions of the dollar in the middle of the week.
#TradingRecommendation: It is recommended to open sell orders in the range of 1.0910 - 1.0880. #Trading #Forex #MarketForecast #EuroDollar