The USD is celebrating Christmas in a strong position. Overview for 25.12.2019
The major currency pair stopped moving due to Christmas, but it is still under pressure.
EURUSD is barely moving on Wednesday as market players are celebrating catholic Christmas. The current quote for the instrument is 1.1093.
This time of the year, the market is traditionally thin and demand for the USD is usually higher due to its stability.
The statistics published yesterday showed that the Durable Goods Orders lost 2.0% m/m in November after adding 0.5% m/m the month before and against the expected reading of +0.2% m/m. The Core Durable Goods Orders didn’t change although it was expected to expand by 1.5% m/m.
The New Home Sales in the USA showed 719K in November after being 710K in October and against the expected reading of 730K.
There will be no significant macroeconomic reports in the calendar until the end of this week: as a rule, prices don’t want to go anywhere at the end of December.