Daily Market Analysis from ForexMart

[Andrea ForexMart]

Hello forum members!

Good day!

I am Andrea, an official representative of ForexMart.

Me and my colleagues will provide you daily forex analysis on this thread to help you increase your trading efficiency as well as maximizing your profit. Suggestions, comments or opinions are all welcome. We will also be glad to attend to your inquiries.

We hope to hear from you soon!

Thank you!

Best regards,

ForexMart

[Andrea ForexMart]

EUR/USD Fundamental Analysis: December 26, 2017

The euro against the U.S. dollar started with a tight trading week in a facile environment in consideration of the current market situation. Majority of traders are on a vacation this Christmas holiday season and the New Year whereas most of them would not working. This would result to lower volatility and liquidity that would limit the range of trading for this week.

There is also not much economic data on the calendar with fewer fundamentals in the next days to come. The steady dollar was supported by the tax reform bill, which was recently passed by the Senate and signed by the U.S. President. This would benefit m0st of the companies with lots of tax benefits which is as much as important to Trump and his team. At the same time, this is foreseen to improve the labor market and boost the economy in the succeeding years.

Hence, the dollar gained a short-term boost from the bill which will most likely be in effect for this week. The euro is being traded in a right range with minor consolidation in the past few months. Although, the fundamental new was not enough to successfully break the trading range.
It is yet to be discovered where the trend will range and if it is sufficient to sustain the pair within its range until January.

For today, there is not much economic news that is anticipated to be released from the eurozone or from the U.S. It is holidays in most part of Europe, which could result to tight trading range and consolidation throughout the day.

[Angemon]

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We at A2S try our best to lead our members to the right path for making money online , and your company doesn't seem to be good for our members. Please solve the problems with your clients first , second stop making fake reviews that's just wrong and illegal. Finally we don't allow copy paste of articles (reports) just to gain fast angecoins. Thanks for understanding , this thread is closed.