rounded corner
rounded corner
top border

EUR/USD Mid-Session Technical Analysis for December 10, 2019

Bookmark and Share

The Euro is trading slightly higher against the U.S. Dollar on Tuesday, helped by a better-than-expected German economic sentiment survey. However, gains are being limited because traders doubt the news will change the rhetoric of the European Central Bank.

The message from the ECB is unlikely to change much, while the Fed could cut rates next year, which means markets focus is likely to stay on the Fed, said Richard Falkenhall, senior currency strategist at SEB.

Its too early to expect any major change when it comes to ECB communication, he said.

At 13:03 GMT, theEUR/USDis trading 1.1076, up 0.0012 or +0.11%.

Investors are almost certain the Fed will leave rates unchanged when its two-day meeting ends on Wednesday. In a years time, however, money makers are pricing in a full 25-basis point cut.

The ECB is likewise expected to keep interest rates steady on Thursday. A probability of less than 50% for a 10-basis-point rate cut by the end of next year is priced into the Euro Zone money markets right now.

For the full article and graphs:

Recent articles from this author

About the author

FX Empire was founded in 2011 and since then has established itself as one of the leading financial portals, offering news, forecasts and analyses for traders, novice and expert alike, available in 21languages. 
FX Empire provides traders with breaking market news, latest forecasts, our expert team of financial authors and analysts publishes news, fundamental and technical analysis, opinion articles as well as educational articles.
Our fields of expertise are Currencies, Gold, Silver, Natural gas and Oil.
FX Empire offers in-depth information, charts, tools, and streaming news of the financial markets. Covering thousands of financial instruments, including stocks, currency pairs, commodities, indices, ETFs and Crypto.

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. is not a broker, nor does it have an affiliation with any broker.

Copyright ©2005-2020, a product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy