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Old 03-12-2018, 10:17
ObasiFXMart ObasiFXMart is offline
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Default Re: Daily Market Analysis by ForexMart

EUR/USD Fundamental Analysis: December 3, 2018



The euro major pair is trading close to a fresh midline at 1.1340 during the Monday session after the momentum of risk appetite after the G20 summit over the weekend that allows the broad recovery after the US and China put on hold the tariff increase for another three months as they come to an agreement again. Meanwhile, Italy has been open to negotiating budget plans which can be an obstacle for the euro bulls.

Over the weekend, Italyís Prime Minister Conte and European Commissionís Jean-Claude Juncker discussed the deal between Italy and the EU while investors are still uncertain about the deficit spending of Italy and growth forecast until solid data has come out. On the headlines, traders should look out for the Eurozone PMI for the month of November while a drop of the German PMI is anticipated right before it.
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