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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 74088, member: 32345"] [CENTER][b]Date : 1st December 2014 EURUSD ATTEMPTING TO BREAK HIGHER IN THE EUROPEAN SESSION. US ISM MANUFACTURING PMI ON TAP IN THE AFTERNOON.[/b][/CENTER] EURUSD dropped on Friday and closed at 1.2450. The Retail Sales in Germany rose 1.9 percent on a monthly basis in October. The Unemployment Rate in the Eurozone remained unchanged in October in line with the market expectations at 11.5 percent. The ECB Policymaker Jens Weidmann stated that the monetary policy of the central bank cannot spur sustainable growth or create jobs in the economy. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/04/shutterstock_23355112.jpg[/IMG][/CENTER] Data released today indicated that the Final Manufacturing PMI in the Eurozone dropped to a level of 50.1 in November. Investors are now looking forward for the ISM Manufacturing PMI data due from the United States later today. Support for the EURUSD is seen at 1.2409 and resistance is seen at 1.2488. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/12/EURUSD-01-December-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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