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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 76014, member: 32345"] [CENTER][b]Date : 9th January 2015 EURUSD TRADING FLAT AHEAD OF THE US NON-FARM PAYROLLS REPORT.[/b][/CENTER] EURUSD dropped yesterday and closed at 1.1792. The single European currency came under pressure after the German Factory Orders dropped 2.4 percent on a monthly basis in November. On the other hand the Retail Sales data from the Eurozone came out better than expected recording a gain of 0.6 percent in November. Data from the United States indicated that the Unemployment Claims during the last week were 294K which was close to the market expectations of a reading of 291K and less than the previous week’s report of 298K. Investors are now looking forward for the US Non-Farm Employment Change report and the Unemployment rate data. The possibility of high volatility on the market prior and after the releases exists and investors should be fully aware of it. Support for the EURUSD is seen at 1.1763 and resistance is seen at 1.1889. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2015/01/EURUSD-09-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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