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German PPI fell by 0.2%

In November 2015 the index of producer prices for industrial products fell by 2.5% compared with the corresponding month of the preceding year. In October 2015 the annual rate of change all over had been –2.3%. In November 2015 energy prices decreased by 7,1% compared with November 2014, prices of non-durable consumer goods by 0.1% and prices of intermediate goods by 2.2%.  Read more...

EUR/USD Daily Forecast – 21 December

Euro tried to break higher during the Friday's session using 1.08 handle as a springboard, but did not manage to break any higher from 1.0860 level which indicates that there is a selling pressure in the pair, but also that 1.08 handle is significant support at the moment. Read more...

EUR/USD Weekly Forecast – 21 December – 25 December

Euro was pushed lower in the course of the last week. The decline was mostly due to Fed's decision to rise interest rates. However, following Statement was quite dovish, so USD gains were limited. Pair found support around 1.08 handle, and thus, remained within recent consolidation area between 1.08 and 1.1050 level. We can expect less volatile next week which will mostly be marked with holiday season trading so we cannot expect any larger movements, though holiday trading can sometimes bring surprised.

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EUR/USD Daily Forecast – 21 December

Friday's session brought Eurozone Current Account figures. The current account of the euro area recorded a surplus of €20.4 billion in October 2015. Analysts were predicting surplus of around €30 billion. This reflected surpluses for goods (€26.8 billion), services (€4.4 billion) and primary income (€3.1 billion), which were partly offset by a deficit in secondary income (€14.0 billion). The 12-month cumulated current account for the period ending in October 2015 recorded a surplus of €299.9 billion (2.9% of euro area GDP), compared with a surplus of €237.5 billion (2.4% of euro area GDP) for the 12 months to October 2014.

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