
On the last trading day of 2018, EUR/USD is trading quietly. Currently, the pair is at 1.1435, down 0.10% on the day. With no U.S. or eurozone events, traders can expect an uneventful day.
Looking back at 2018, EUR/USD slipped 4.5% against the euro. The pair started the year at the 1.20 level and posted gains over 3 percent in January, but it’s been pretty much downhill since then for the euro. However, the euro has gained 1.0% in December, despite the turmoil which has gripped the equity markets in recent weeks.
Year in Review
Open: 1.2003 High: 1.2556 Low: 1.1215 Close: 1.1435
As we welcome 2019, here are some items the markets will be closely following:
U.S Government shutdown
A partial shutdown of the U.S. government has entered its second week, with no resolution in sight. President Trump has insisted that a spending bill include some $5 billion for a wall on the Mexican border, but Democrats in the Senate have blocked the bill. The impasse will continue into 2019 and will cost the taxpayer billions of dollars. Previous shutdowns have been resolved within a few weeks, as politicians are wary to drag out the fight and risk the wrath of voters for the lack of government services. The U.S. dollar will be under pressure while the shutdown continues.
U.S -China trade talks
The ongoing global trade war has shaken global equity markets and dampened the global economy. China and the U.S. have slapped tariffs on each other’s products, and the U.S. has threatened to raise the tariffs on Chinese goods from 10 percent to 25 percent on March 1. However, President Trump has agreed to suspend the tariffs while talks are ongoing, and U.S. and Chinese teams are slated to meet this week. If Trump can pull off a deal with the Chinese, the U.S. dollar could respond with gains against the euro.
Written by Admin
Product categories
Install your trader software at VPS server of one of the super fast providers:![]() |
|
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market...![]() |
Finance news
![]() Some states require amended tax returns for $10,200 unemployment tax break refunds10'000 HoursThere are probably a ton of people who got unemployment who rushed to file ... Read More ![]() Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economyFederal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite what he sees as a rapidly recovering ... Read More ![]() Fed Chair Powell says economy about to grow much quicker due to vaccinations and fiscal supportFederal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on "The Quarterly ... Read More |