EURUSD is waiting for news. Overview for 23.01.2020

23.01.2020

The major currency pair is consolidating on Thursday in anticipation of the ECB’s comments and rate decision. 

EURUSD is quietly waiting for news. The current quote for the instrument is 1.1089.

The numbers published by the USA yesterday were quite surprising: the Existing Home Sales was 5.54M in December after showing 5.35M in the previous month and against the expected reading of 5.43M. it’s the highest number over the past two years. The indicator is rising due to low interest rates and may be considered as a perfect indication of the real estate market recovery after the crisis in 2018. 

On YoY, the indicator added 10.0% in December, which is a terrific number. 

The components of the report show that the major contribution was made by sales in the south region (+2.2%), where the population density is quite big. On the other hand, sales decline in the west (-1.8%) and Midwest (-1.6%),

Today, investors are waiting for the results of the first ECB meeting in 2020 and the regulator’s interest rate decision. A lot of attention will be paid to the comments relating to future monetary policy: due to the slowdown in the GDP growth, many market players find this issue very disturbing.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.