330
Trader, analyst and instructor with a 6-year experience

Dec. 29: MARKET OVERVIEW

FXBAZOOKA.com - EUR/USD consolidates slightly above the Friday's multi-month low of 1.2167. Investors await the key presidential vote in Greece that could trigger early parliamentary election if failed. The vote begins at 10:00 GMT, with the result likely around an hour later.

Meanwhile, Jens Weidmann, a member of the European Central Bank's Governing Council and the president of Germany's Bundesbank, told a newspaper on Sunday that growth in Germany might be better than expected in the year 2015, and that the situation in Europe is not as bad as many people think.

USD/JPY holds a bit below the recent 2-week high of 120.83. Japan's Prime Minister Shinzo Abe approved plans for a massive stimulus package worth of 3.5 trillion yen ($29 billion) in order to boost consumer spending and regional economic activity, trying to revive the economy.

This week the final US data reports of the year will be in focus, including CB consumer confidence index on Tuesday and weekly jobless claims on Wednesday.

Scroll to top