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EUR/USD Daily Forecast – 03 December

Yesterday's session brought Spanish Unemployment Change and Eurozone CPI data. The number of unemployed registered at the offices of the Public Employment Services in November decreased by 27,071 persons, 0.65% from the previous month. Decrease by 10,300 was expected. This is the sharpest decline in registered unemployment in November in all the historical series. In the past eight years, registered unemployment increased on average in the month of November in 52,340 people.

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EUR/USD Daily Forecast – 03 December

After it did not manage to break decisively below 1.0630 area in the course of the session on Wednesday, euro pulled back and once again tested 1.0560 level as a support. Pair is simply going back and forth at the moment, as traders are awaiting for tomorrow's ECB Meeting that would set direction for the pair.

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Eurozone CPI at 0.1%

Euro area annual inflation is expected to be 0.1% in November 2015, stable compared with October 2015, according to a flash estimate from Eurostat. Analysts were anticipating increase to 0.2%.
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Spanish unemployment decreased more than expected

The number of unemployed registered at the offices of the Public Employment Services in November decreased by 27,071 persons, 0.65% from the previous month. Decrease by 10,300 was expected. This is the sharpest decline in registered unemployment in November in all the historical series. In the past eight years, registered unemployment increased on average in the month of November in 52,340 people.  Read more...

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