Good and bad news | 22 Desember 2021

22 Desember 2021, EUR/USD

Good and bad news

EURUSD trading plan:

Euro zone consumer confidence fell by 1.5 points in December from the November number. The European Commission said a flash estimate showed euro zone consumer morale decreased to -8.3 this month from -6.8 in November. In the European Union as a whole, consumer sentiment fell by 1.4 points to -9.6. This is a negative signal for the European currency. The ECB has published fresh statistics on the change in assets on its balance sheet. The indicator rose by €14.8 billion over the last week, against an increase of €26.7 billion a week earlier. The ECB has reduced the rate of asset purchases, which is favorable for the euro rate.

Investment idea: range 1.1225 -1.1311.

David Johnson
Analyst of «FreshForex» company
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