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Dec 16, 2020 11:05 GMTForex News
EUR/USD has been advancing toward the yearly highs amid vaccine, stimulus and Brexit optimism.
US retail sales and the Fed decision may try to hold it back, albeit with limited success.
Wednesday’s four-hour chart is showing a bullish ascending triangle.
The technicals have said their word – a surge is coming, but do fundamentals back a breakout? Most of them do. Here are three factors already fueling EUR/USD:
Three EUR/USD boosters
1) US stimulus hopes: Senate Majority Mitch McConnell jumped into talks on Capitol Hill and his urge to seal a deal for more relief has brought fresh impetus to the talks. His move came after he finally acknowledged President-elect Joe Biden’s victory.
Dylan Stableford
December 15, 2020, 11:58 AM
A day after doses of the first non-trial coronavirus vaccine were distributed in the United States, White House press secretary Kayleigh McEnany began a press briefing her first in nearly two weeks with an extended boast about how President Trump defied the experts to push for a vaccine before the end of the year, coupled with a list of complaints about media outlets that had expressed skepticism of the administration’s Operation Warp Speed.
In response to a question about Monday’s Electoral College vote that sealed President-elect Joe Biden’s victory in the 2020 election, she indicated Trump wasn’t done fighting to overturn it.
EA on Monocle 24: The Trumpies and the Republican Party
Posted by Scott Lucas | Dec 16, 2020 |
Marco Rubio, Ted Cruz, and Donald Trump (File)
I joined Monocle 24’s Andrew Mueller on Wednesday to discuss the tension between supporters of Donald Trump and the Republican Party.
With Joe Biden confirmed as President-elect and with Senate Majority Mitch McConnell finally recognizing the confirmation and lifting his block on a Coronavirus relief package I discuss whether a Trumpist movement within the GOP will add to the recent damage to US society and the American system, or whether the party can break its co-dependency with Trump.
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