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Monday, 28 December 2015
Daily Technical Analysis

EUR/USD Daily Forecast – 29 December

Euro was initially pushed higher in the course of the yesterday's session, closing to 1.10 handle, but with a lack of volatility due to holiday season pair was unable to break above it and pulled back by the end of the session. Read more...

Monday, 28 December 2015
News

Eurozone needs job growth

Unemployment for both the euro zone and the full 28-member European Union has hovered near double digits since 2012. This has prompted the central banker to prod member states into action to help drag the continent out of its prolonged economic slump. "Given continued high structural unemployment and low potential output growth in the euro area, the ongoing cyclical recovery should be supported by effective structural policies," Draghi urged in his December statement. 
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Monday, 28 December 2015
News

ECB will run QE as long as necessary, Mersch says

Luxembourg Central Bank Governor Mersch talking to International Bankers Forum said that ECB has by no means run out of ammunition. It still has firepower and deposit rate theoretically are not at lower bound. He uttered that QE will run as long as necessary to reach their goal sustainably and that ECB can add on at anytime should this be necessary.
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Friday, 25 December 2015
Daily Technical Analysis

EUR/USD Daily Forecast – 28 December

After it was initially pushed higher, euro spent most of the Thursday's session in a tighter range within 20 points. Pair has formed support around 1.09 handle and with Christmas Day on Friday, markets were closed. Read more...

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