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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 76394, member: 32345"] [CENTER][b]Date : 16th January 2015 EURUSD TRADING HIGHER AHEAD OF THE EUROZONE’S FINAL CPI DATA.[/b][/CENTER] EURUSD dropped yesterday and closed at 1.1632. The Trade Balance in the Eurozone increased to 20 Billion Euro in November. Data from the United States indicated that the initial jobless claims rose to 316K during the last week. On the other hand the Empire State Manufacturing Index rose to a level of 10 in January. The President of the United States Federal Reserve in Boston Eric Rosengren opined that he is not confident about the US moving towards the 2 percent inflation target and urged the central bank to remain patient about increasing the interest rates. Investors are now looking forward for the Final CPI data from the Eurozone and the CPI data from the United States. Later on the Preliminary University of Michigan Consumer Sentiment is due to be released from the United States. Support for the EURUSD is seen at 1.1583 and resistance is seen at 1.1740. [CENTER][IMG]https://blog.hotforex.com/wp-content/uploads/2015/01/EURUSD-16-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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