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Spanish Unemployment Rate decreased more than expected

The unemployment rate in Spain fell more-than-expected last month, official data showed on Thursday. In a report, Ministry of Labour and Immigration said that Spanish unemployment rate fell to an annual rate of 20.90%, from 21.18% in the preceding month. Analysts had expected Spanish unemployment rate to fall to 21.05% last month.  Read more...

EUR/USD Daily Forecast – 28 January

From Eurozone, yesterday, German Consumer Climate data was released. Consumer mood has changed only slightly in January of this year, while the consumer climate has remained stable. Following a value of 9.4 points in January, the overall indicator is still forecasting 9.4 points for February. Analysts were forecasting decline to 9.3. While both economic expectations and willingness to buy have risen by a small amount, income expectations have suffered losses. Read more...

EUR/USD Daily Forecast – 28 January

Euro went back and forth in the course of the yesterday's session. Pair formed a support around 1.0850 level, but did not manage to break decisively above 1.09 handle, even after FOMC statement. As for tomorrow, we believe that pair is likely to find some amount of support around 1.0850 level, initially, and 1.08 handle in extension, while we can expect resistance around 1.0940 and 1.0980 level so these would be our short-term buying and selling points.

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German Consumer Climate unchanged in January

Consumer mood has changed only slightly in January of this year, while the consumer climate has remained stable. Following a value of 9.4 points in January, the overall indicator is still forecasting 9.4 points for February. Analysts were forecasting decline to 9.3. While both economic expectations and willingness to buy have risen by a small amount, income expectations have suffered losses. Read more...

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