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Thursday, 17 December 2015
News

German Business Sentiment fell to 108.7

Strong sentiment in the German economy weakened slightly this month. The Ifo Business Climate Index for German industry and trade fell to 108.7 points in December from 109.0 points in November. No change was expected. Assessments of the current business situation declined. Optimism about future business developments, by contrast, remained unchanged. 
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Wednesday, 16 December 2015
Daily Technical Analysis

EUR/USD Daily Forecast – 17 December

Euro went back and forth during the yesterday's session mostly lingering around 1.09 handle., with pair remaining within its recent consolidation range. Despite Fed's decision to rise interest rates, this was not of that major impact as this was largely expected. This was mainly due to dovish following statement, in which Fed said that raise of rates will be only gradual and depending on data.

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Wednesday, 16 December 2015
Daily Fundamental Analysis

EUR/USD Daily Forecast – 17 December

Wednesday brought French and German Manufacturing PMI data. While no change was expected French Manufacturing PMI rose to 51.6. On the other hand, Services PMI decline to 50.0, missing forecasts in decline to 50.6. This stagnation of service sector business activity, was an ending of a ten-month period of expansion. In contrast, manufacturing sector output rose at a slightly faster (albeit still modest) rate. New business in the French private sector increased for a fourth successive month in December.

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Wednesday, 16 December 2015
News

Euro little changed after mixed PMI figures

While no change was expected French Manufacturing PMI rose to 51.6. On the other hand, Services PMI decline to 50.0, missing forecasts in decline to 50.6. This stagnation of service sector business activity, was an ending of a ten-month period of expansion. In contrast, manufacturing sector output rose at a slightly faster (albeit still modest) rate. New business in the French private sector increased for a fourth successive month in December. 
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