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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 74598, member: 32345"] [CENTER][b]Date : 9th December 2014 EURUSD IS TRADING HIGHER IN THE EUROPEAN SESSION. ECOFIN MEETINGS ARE TAKING PLACE IN BRUSSELS TODAY.[/b][/CENTER] EURUSD rose yesterday and closed at 1.2314. The Sentix Investor Confidence index in the Eurozone improved to a reading of -2.5 in December. That its highest reading in 4 months. The German Industrial Production rose 0.2 percent on a monthly basis in October. The ECB Governing Council member Ewald Nowotny opined yesterday that there is a high probability that the inflation growth in the region would slow down further in the first quarter of 2015. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/11/2.jpg[/IMG][/CENTER] In the United States the President of the United States Federal Reserve in Atlanta Dennis Lockhart expressed his confidence in the US economy and stated that he expects Fed to start increasing the interest rates in the middle of 2015. Investors are now looking forward for cues from the outcome of the ECOFIN 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-09-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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