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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 74918, member: 32345"] [CENTER][b]Date : 15th December 2014 EURUSD TRADING LOWER IN THE EUROPEAN SESSION. EMPIRE STATE MANUFACTURING INDEX ON TAP.[/b][/CENTER] EURUSD rose on Friday and closed at 1.2460. The Industrial Production in the Eurozone rose less than the market expectations by 0.1 percent on a monthly basis in October. The Wholesale Price Index in Germany dropped 0.7 percent on a monthly basis in November. Data from the United States showed that the University of Michigan Consumer Sentiment Index rose to a level of 93.8 in December, posting its highest reading since January 2007. The Producer Price Index in the US dropped by 0.2 percent on a monthly basis. Late on Friday the ratings agency Fitch Ratings cut the credit rating of France by a notch to AA from AA+. Investors are now looking forward for the Empire State Manufacturing Index release due from the United States. Support for the EURUSD is seen at 1.2361 and resistance is seen at 1.2491. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/12/EURUSD-15-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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