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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 75839, member: 32345"] [CENTER][b]Date : 6th January 2015 EURUSD TRADING BELOW THE 1.19 LEVEL AHEAD OF THE US SESSION. ISM NON-MANUFACTURING PMI FROM THE UNITED STATES DUE TODAY.[/b][/CENTER] EURUSD dropped yesterday and closed at 1.1932. The German Preliminary Consumer Price Index remained flat in December against the market expectations of a 0.1 percent rise. On the other hand the Sentix Investor Confidence in the Eurozone rose to a level of 0.9 in January. The number of unemployed people in Spain dropped to a level of 64.4K in December. During his statement the President of the United States Federal Reserve in San Francisco, John Williams opined that the increase of the interest rates should be gradual at the beginning. He also indicated that the policymakers have been discussing the potential rate increase by the middle of 2015. Investors are now looking forward for the ISM Non-Manufacturing PMI due from the United States later today. Support for the EURUSD is seen at 1.1869 and resistance is seen at 1.1978. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2015/01/EURUSD-06-January-2015.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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