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EUR/USD Daily Forecast – 25 December

After it was initially pushed higher, euro spent most of the yesterday's session in a tighter range within 20 points. Pair has formed support around 1.09 handle and with Christmas Day tomorrow, we cannot expect any larger movements. Read more...

Euro little changed in a quiet European trade

There are no data releases from Eurozone today and with holidays ahead there is a bit of lack of volatility. Support in Finland for keeping the euro currency has fallen to 54% amid persistent economic problems, an opinion poll shows. This comes as parliament prepares for a debate next year on whether to hold referendum on euro membership. Despite recovery elsewhere in the Eurozone, Finland has suffered three years of economic contraction and some Finns say its prospects would improve if it returned to the markka currency. Read more...

EUR/USD Daily Forecast – 24 December

Euro was pushed lower in the course of the yesterday's session mostly due to better than expected US Durable Goods Orders and Consumer Sentiment figures, going once again below 1.09 handle. As for tomorrow, we can expect less volatile session as it is Christmas Eve and there will be no major data releases.

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French Consumer Spending unexpectedly fell in November

In November 2015, household expenditure on goods declined again: it decreased by 1.1% in volume, its largest contraction since January 2014, after a slight fall in October (–0.2%). Analysts were forecasting 0.2% increase.This drop comes mainly from the slide in energy consumption (–5.6%) and from the sharp decline in spending on textile-clothing (–4.7%).  Read more...

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