- Tuesday, 15 December 2015
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 16 December
Yesterday, from Eurozone, ZEW Economic Sentiment data for Eurozone and Germany was released.The ZEW Indicator of Economic Sentiment for Germany has increased for the second consecutive time in December 2015. Gaining 5.7 points compared to the previous month, the index now stands at 16.1 points (long-term average: 24.7 points). Smaller increase to 15.2 was expected.Financial market experts’ sentiment concerning the economic development of the Eurozone has improved. ZEW’s Indicator of Economic Sentiment for the Eurozone has increased by 5.6 points to a reading of 33.9 points. Gaining 0.4 points in December 2015, the indicator for the current situation in the euro area has climbed to a value of minus 9.6 points. Read more...
- Tuesday, 15 December 2015
- Daily Technical Analysis
EUR/USD Daily Forecast – 16 December
After euro initially tested 1.1050 handle as a resistance, it sharply pulled back by the end of the session going all the way to 1.09 handle. This was mainly result of traders adding some value to USD ahead of tomorrow's Fed rate decision. This will also be main market mover tomorrow. Read more...
- Monday, 14 December 2015
- Daily Technical Analysis
EUR/USD Daily Forecast – 15 December
After it was initially pushed lower in the course of the yesterday's session, pair found support around 1.0950 area and bounced in the US part of the session as traders are being cautious ahead of Fed rate decision. Pair broke above 1.10 handle and tested 1.1050 level as a resistance after which it pulled back. Daily candle is a hammer which is of course a positive sign. Focus of tomorrow's session will be on ZEW Economic Sentiment figures and US CPI data. Read more...
- Monday, 14 December 2015
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 15 December
From Eurozone, yesterday, Industrial Production figures were released. In October 2015 compared with September 2015, seasonally adjusted industrial production rose by 0.6% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat. In September 2015 industrial production fell by 0.3% in the euro area and remained stable in the EU28. In October 2015 compared with October 2014, industrial production increased by 1.9% in the euro area and by 2.4% in the EU28. Read more...
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