2021 14:54
Tension Beetween Ukraine And Russia Definetely Shaped News In Recent Days
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EUR/USD seems to have settled above key technical level.
Hot inflation data from the US helped the dollar limit its losses.
Trading conditions in financial markets thin out on Christmas Eve.
EUR/USD seems to have steadied around mid-1.1300s on Friday as the trading action turns subdued on Christmas Eve. The near-term bullish outlook remains intact for the pair but thin trading conditions are likely to limit the movements in the remainder of the day.

The data published by the US Burau of Economic Analysis revealed on Thursday that the annual Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred gauge of inflation, jumped to 4.7% in November from 4.2% in October. This print surpassed the market expectation of 4.2% and helped the dollar stay resilient against its rivals in the second half of the day.

The benchmark 10-year US Treasury bond yield edged higher toward 1.5% after the inflation report and according to the CME Group's FedWatch Tool, markets are pricing a 53.8% probability of a 25 basis points Fed rate hike in March.

https://www.fxmag.com/currencies/eur-usd-forecast-near-term-bullish...