Forex eur usd

USD was on the back foot as the US Dollar stormed the board amid growing worries. The ECB Meeting Minutes stand out in the first full week of 2019. Apple sparked a flash crash by issuing a revenue warning and blaming a Chinese slowdown. It came on top of weak Chinese PMI’s and stock markets jitters. While the euro did not suffer the same fate of the Aussie, it certainly stumbled. Mediocre euro-zone PMI’s and fears of an Italian recession did not help.

USD daily chart with support and resistance lines on it. Its factory orders are recovering with an increase of 0. Will we see another improvement in November? The 2,800- strong survey of analysts and investors fell sharply in December to -0. 3 points, thus reflecting pessimism for the first time in four years.

Another downfall within negative territory cannot be ruled out. A slide to -2 point is on the cards. Despite coming out after the German and French data will have been released, the overall figure can surprise. Contrary to factory orders, industrial output dropped by 0. We could see an increase in the report for November: 0.

The euro zone’s second-largest economy has a chronic trade deficit. However, the deficit narrowed to 4. 1 billion euros back in October. It may widen again this time. Germany continues enjoying a broad trade surplus, but it has been shrinking from data seen in previous years. 3 billion in October and November will probably see a similar number: 17.

After a persistent fall, the jobless rate got stuck at 8. A similar outcome is likely for the month of November. The euro area’s second-largest economy enjoyed a substantial jump in its industrial output back in October: 1. The European Central Bank concluded 2018 by ending the QE program, as expected. ECB President Mario Draghi was slightly cautious in his comments about the economy, expressing concern about protectionism but maintaining the expectations for a rate hike in 2019. The minutes will provide further detail. 1650 was a swing low in late August and is very closely followed by 1.

1615 which played a pivotal role. 1500 is a very round level and also capped the pair’s advance in early November. 1475 was a high point in mid-November. 1325 was a low point in mid-November.