EUR/USD PRICE FORECAST: SELLERS EYEING LOWER LOWS

Tina Collins

20 Dec 2024 — 1 min read

EUR/USD PRICE FORECAST: SELLERS EYEING LOWER LOWS

EUR/USD is trading around 1.0377, with a retreat from an intraday peak of 1.0421.

Stronger-than-expected U.S. economic data fueled demand for the U.S. Dollar, including a revised 3.1% Q3 GDP growth and better-than-expected jobless claims.

The Eurozone's October Current Account surplus of €26 billion missed the expected €33.5 billion.

EUR/USD resumed its decline after correcting oversold conditions, with further lows likely in sight.

The U.S. will release the November PCE Price Index on Friday, which could influence the Fed’s inflation outlook.

GOLD PRICE FORECAST: XAU/USD BUYERS LOOK TO $2,750 ON TRUMP’S TARIFF THREATS

GOLD PRICE FORECAST: XAU/USD BUYERS LOOK TO $2,750 ON TRUMP’S TARIFF THREATS Gold price is rising towards $2,750, retesting a one-month high. Trump’s tariff threats are creating risk aversion, weakening the US Dollar and boosting Gold. The technical setup for Gold remains bullish, suggesting further

CHINA’S IMPORTS OF RUSSIAN OIL HIT RECORD HIGH LAST YEAR!

China’s imports of Russian oil reached a record high in 2024, rising by 1% compared to 2023. China imported abo The increase is due to high demand from refineries, state-owned oil companies, and a government plan to store more oil. Overall, China’s total oil imports fell by 1.

BANK OF AMERICA EXPECTS NORGES BANK TO HOLD RATES, POINTS TO TIGHTENING RISKS

Norges Bank Likely to Keep Rates at 4.50%: Analysts expect the interest rate to stay at this level. Data Shows Slightly Hawkish Trend: Recent data suggests more pressure for rate hikes, even though core inflation dropped unexpectedly in December. Factors Supporting Tightening: Global interest rates, especially in the U.

BITCOIN WELCOMES TRUMP WITH NEW RECORD HIGH ABOVE $109,000

BITCOIN WELCOMES TRUMP WITH NEW RECORD HIGH ABOVE $109,000 Bitcoin hit a new record high above $109,000 on Monday. The surge followed Donald Trump’s victory in the US presidential election in November. Bitcoin reached this new high ahead of Trump’s inauguration ceremony later in the day.

Read more

GOLD PRICE FORECAST: XAU/USD BUYERS LOOK TO $2,750 ON TRUMP’S TARIFF THREATS

CHINA’S IMPORTS OF RUSSIAN OIL HIT RECORD HIGH LAST YEAR!

BANK OF AMERICA EXPECTS NORGES BANK TO HOLD RATES, POINTS TO TIGHTENING RISKS

BITCOIN WELCOMES TRUMP WITH NEW RECORD HIGH ABOVE $109,000