EURUSD is falling a bit. Overview for 08.01.2019

On Tuesday morning, the major currency pair is trading downwards; yesterday’s movements are under correction. 

EURUSD is correcting on Tuesday. The current quote for the instrument is 1.1444.

The situation around the American currency is still very active. Investors can’t decide what to do: they either try to avoid an possible risks or believe that they overreact and make the instrument reach stability. 

The statistics published yesterday showed that the ISM Non-Manufacturing PMI was worse than expected: the indicator decreased up to 57.6 points in December after being 60.7 points in the previous month and against the expected reading of 59.6 points. Investors were quite upset by this number: the indicator has been falling slowly for a very long time and the fact that it has been over the psychologically-crucial level of 50 points for 107 months doesn’t defuse tensions.

Later today, the USA is scheduled to report on the NFIB Small Business Index in December, which is also expected to reduce. In addition to that, the Consumer Credit in November may be negative as well. 

Apart from weak macroeconomic statistics, the USD is still under pressure from what the FOMC Chairman Jerome Powell told the media last Friday.