The U.S. calendar will be crowded by supply and the FOMC policy decision. While that unfolds, we give you updates with the 11 December EURUSD Intra Day Technical Analysis.
11 December, HotForex – With the holiday period approaching fast, the week is a bumper one for data, as well as key political events, and key central bank meetings. After May and Juncker reached a breakthrough agreement on key Brexit issues, EU heads of states are expected to officially declare that sufficient progress on divorce terms has been made to move to phase 2.
Data releases ahead of the ECB meeting will be overshadowed by the full event calendar and focus on final inflation data for November, as well as the first round of December confidence data with preliminary PMI and German ZEW readings.
11 December EURUSD Intra Day Technical Analysis (+video)
Risk-on mood ripples into Europe – Markets in the Asia-Pacific region started the week in risk-on mode following the U.S. jobs report and the record close of the S&P 500 on Wall Street on Friday. European markets will likely follow suit. Caution ahead of central bank meetings this week.
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