EURUSD Fundamental Drivers Expectations


The US economic calendar also sees the release of initial jobless claims for the period ended 16 December. Meanwhile, get updated on the 21 December EURUSD Fundamental Drivers Expectations.

21 December, OctaFX –  The US economy will be front and centre on Thursday as the Commerce Department sets to unveil its third and final estimate of third-quarter growth.

The official GDP report is scheduled for release at 13:30 GMT and is expected to show 3.3% annual growth between May-July. That’s the fastest pace of expansion in three years.

The US economic calendar also sees the release of initial jobless claims for the period ended 16 December. Meanwhile, the Philadelphia Fed will release its manufacturing survey for December and the Federal Reserve Bank of Chicago will issue its monthly National Activity Index. Rounding out the US release schedule is the housing price index courtesy of the Federal Housing Finance Agency.

21 December EURUSD Fundamental Drivers Expectations

The euro saw its rally stall on Wednesday, with the EUR/USD pair struggling to return to the 1.1900 level. The pair was last seen trading at 1.1867, where it was little changed compared to the previous close. From a technical perspective, immediate support is located at 1.1825, followed by 1.1800. On the opposite side of the ledger, resistance is seen up ahead at 1.1900.

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