The trading week for the EUR / USD pair was very hard. Several times, the single European currency was close to updating the trade lows for 2018, but due to a series of weak economic reports from the US, as well as positive news from Beijing and Washington, buyers managed to keep the price above the level of 1.12.
Unexpectedly, long-expected report on retail sales, which was published with a delay due to the suspension of the US government at the year start, showed a sharp drop in retail sales in December, by 1.2%.
The market situation is somewhat reminiscent of deja vu, global markets are again in a sea of green in the first half of the day, supported by positive sentiment about the US-China trade negotiations, and after Bloomberg reports that the US is considering extending the 60-day truce period for China after 1 Martha.
Ahead of official GB withdrawal from the EU, there is a little more than a month left, but the exact scenario of this process is still unclear.
Yesterday in EU another important bunch of data on industrial production was realized, which again pointed to the dominance of negative economic trends in the region.
On Wednesday, gold was again under pressure amid new USD dollar gains. Having completed the correctional pullback, US currency resumed its upward movement due to the influence of political news and statistical data.