EURUSD – positive and negative factors for the pair

08.12.2021

Important events today:

18.30 Moscow time – USA: data on crude oil reserves from the Department of Energy.

EURUSD:

Now there are both positive and negative factors for the pair. The first is a decrease in the rate of purchase of assets by the ECB. Recently, the regulator published a report on the change in assets on the balance sheet for the last week, where the indicator rose by € 12.9 billion, compared with an increase of € 14.7 billion a week earlier.

Bad news – new release from ZEW – the index for the current situation in Germany went into negative range for the first time in six months. Reduced demand from overseas, contrary to expectations, led to a much larger drop in industrial orders in November, and regular supply problems hit the retail trade badly.

Recommendation: Sideways at 1.1245 -1.1335.