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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 73806, member: 32345"] [CENTER][b]Date : 26th November 2014 EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. US UNEMPLOYMENT CLAIMS ARE SCHEDULED TO BE RELEASED TODAY DUE TO THE THANKSGIVING DAY IN THE UNITED STATES.[/b][/CENTER] EURUSD rose yesterday and closed at 1.2473. Data released from the Germany yesterday showed that the nation avoided recession after the German Final GDP for the 3rd quarter of the 2014 came out in line with the market expectations recording a rise of 0.1 percent. The Retail Sales in Italy registered a drop on a monthly basis coming at a reading of -0.1 percent in September. The biggest surprise in the session yesterday was the preliminary GDP data from the United States. The second estimate for the 3rd quarter of 2014 showed an increase of 3.9 percent against the market expectations of a 3.3 percent rise. On the other hand the CB Consumer Confidence in the largest economy in the world dropped to a level of 88.7 in November. Investors are now looking forward for the Unemployment Claims report from the United States which is scheduled to be released today, because of the Bank Holiday in the US tomorrow. Banks in the United States will be closed due to the observance of the Thanksgiving Day. Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2487. [CENTER][img]https://blog.hotforex.com/wp-content/uploads/2014/11/EURUSD-26-November-2014.jpg[/img][/CENTER] Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument. [/QUOTE]
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