EURUSD continues lower, Nasdaq stabilizes

25/03/2021

The EURUSD pair is under bearish pressure, and it was trying to drop below 1.18 on Thursday. 

Elsewhere, the Nasdaq 100 index fell sharply yesterday as bulls cant start any meaningful momentum. It looks like tech stocks are headed for a larger correction. 

Investors will be paying attention today to a virtual meeting between EU leaders to discuss the third wave of Covid-19 cases hitting the region as well as the associated slow vaccine rollout.

From other news, German Gfk consumer confidence improved modestly to -6.2 in April, up from -12.7 previously. However, as the neverending lockdown continues, consumers will not start spending money anytime soon. 

Later in the day, many central bank governors will hold speeches, but that has failed to improve sentiment this week. 

Additionally, the revision of the US GDP for the fourth quarter will be released. Volatility should not be elevated afterward unless there is a substantial deviation from the previous number. 
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