BTCUSD Chart by TradingView

what's Next for Eurusd ?

By James Laurent



The EUR/USD pair has extended its weekly decline by a few pips to 1.1106, ending the day little changed a handful of pips above the 1.1100 threshold. Financial markets were mixed this Thursday, amid political precariousness in multiple fronts.
The US and China are yet to report on their trade deal, UK PM Johnson is ready to take the UK out of the EU next year, while US President Trump has been impeached by the House of Representatives. The American dollar seesawed between gains and losses against most rivals, paring its advance as Wall Street rallied to fresh all-time highs.
 No major data was out this Thursday, although that from the US was disappointing. The Philadelphia Fed Manufacturing Survey was down to 0.3 in December below the expected 8 and the previous 10.4, while weekly unemployment claims came in at 234K for the week ended December 13, worse than anticipated. Existing Home sales fell by 1.7% in November, much worse than the 0.2% decline expected. This Friday, the US will release the final version of Q3 GDP and November PCE inflation, seen stable at 1.6% YoY.

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