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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 76180, member: 32345"] [CENTER][b]Date : 13th January 2015 EURUSD TRADING NEAR THE 1.1800 LEVEL AFTER PUSHING HIGHER IN THE ASIAN SESSION.[/b][/CENTER] EURUSD dropped yesterday and closed at 1.1833. The European Central Bank Governing Council Member Ewald Nowotny stated that the central bank should act soon rather than later to boost the economic growth and inflation in the currency union. Nowotny also added that the policymakers are discussing steps including bond buying in order to spur the growth in the region. It is also widely expected that the ECB will announce a launch of the QE program as early as 21st January, as consumer prices in the EU are into deflationary territory according to the preliminary data that was released. During his speech yesterday the President of the United States Federal Reserve in Atlanta Dennis Lockhart indicated that the sees the US economy moving ahead in its recovery. Lockhart added that he sees the potential increase in the interest rates in the middle of 2015. 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-12-January-2015-0.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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