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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 74528, member: 32345"] [CENTER][b]Date : 8th December 2014 US DOLLAR KEEPS PRINTING NEW HIGHS AGAINST THE EURO. EUROGROUP MEETINGS ON FOCUS TODAY.[/b][/CENTER] EURUSD dropped on Friday and closed at 1.2285. The German Factory Orders rose 2.5 percent on a monthly basis in October. The Industrial Production in Spain rose 1.2 percent on an annual basis in October. No matter the positive releases from the Eurozone the US dollar traded on a strong foot after the positive NFP data. The US Non-Farm Payrolls recorded an increase of 321K in November beating the market expectations of a 230K increase. The Unemployment Rate in the United States remained steady at 5.8 percent in November. The President of the United States Federal Reserve in Cleveland Loretta Mester sounded very optimistic about the US economy and also added that she sees an interest rate hike in 2015. Investors are looking forward for the Eurogroup Meetings taking place in Brussels today. Support for the EURUSD is seen at 1.2250 and resistance is seen at 1.2391. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/12/EURUSD-08-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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