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Mauzo: Daily Market Analysis from ForexMart

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    Re: Daily Market Analysis from ForexMart

    EUR/USD. December 3, 2020 – Euro updated its April 2018 high

    Quotes of the EUR/USD pair continue to update their highs: the current price of the euro is 1.2125. The last time the couple was at such heights at the end of April 2018.The euro is being supported by investors' hopes that the US authorities are about to start supporting the economy. After the Democrats and Republicans in the US Congress agreed on the size of the fiscal stimulus program in the amount of $ 908 billion, the markets returned to the hope that support will be provided later this year.

    An additional «bearish» factor for the greenback is rumors that the Fed will start a «twist» operation in December with the purchase of long-term bonds. In addition, yesterday's data on the labor market from ADP also disappointed investors: statistics showed the worst dynamics since July. It is reported that employment in the private sector will grow by only 307 thousand, which is worse than the forecast of 433 thousand and last month's figure of 404 thousand.

    The RSI indicator has leveled off to a horizontal position, which signals that the pair will adhere to flat dynamics during the day near the 1.2100 level.

    اگرچہ مالی مارکیٹس میں ٹریڈنگ میں بہت زیادہ خطرہ ہوتا ہے، پھر بھی یہ اس شرط پر اضافی کمائی بناتی ہے اگر آپ صحیح حکمتِ عملی اختیار کریں۔ ایک قابلِ اعتماد بروکر جیسا کہ انسٹا فاریکس، کا انتخاب کر کے آپ بین الاقوامی مالی مارکیٹس تک رسائی حاصل کر سکتے ہیں اور مالی آزادی کی طرف اپنے راستے ہموار کریں۔ آپ یہاں سائن اپ کر سکتے ہیں۔


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