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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 75216, member: 32345"] [CENTER][b]Date : 19th December 2014 EURUSD CONTINUES TO PRINT NEW LOWS ON FRIDAY.[/b][/CENTER] EURUSD dropped yesterday and closed at 1.2285. Data released yesterday indicated that the German Ifo Business Climate rose to a level of 105.5 in December. Data from the United States indicated that the Unemployment Claims during the last week dropped to 289K. On the other hand the Philly Fed Manufacturing Index dropped more than the market expectations to a level of 24.5 in December. The Flash Services Purchasing Managers Index also recorded a drop to a level of 53.6 in December. The CB Leading Index month over month came out in line with the market expectations at a reading of 0.6 percent in November. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/03/Fotolia_13615388_XS2.jpg[/IMG][/CENTER] No major economic releases are due from Europe and the United States for the rest of the trading day, but investors should be fully aware that any potential market commentary may bring volatility on the market. Support for the EURUSD is seen at 1.2258 and resistance is seen at 1.2369. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2014/12/EURUSD-19-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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