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EUR/USD Daily Forecast – 26 November

Euro was pushed lower in the course of the yesterday's session, going all the way to below 1.06 handle, but found area around 1.0570 level to be supportive enough in order to rebound and broke once again above 1.06 handle. Read more...

Risks from outside euro area rise, Financial Stability Review shows

The euro area financial system has been resilient through occasional bouts of financial market volatility in the second half of the year, according to the ECB’s latest Financial Stability Review. The twice-yearly report highlights that the likelihood of an abrupt rise in global risk premia has become more pronounced as concern shifts to emerging market economies. The review finds that measures of systemic stress remained contained amid periods of stress related to turbulence during the summer in Greece, followed by a sizeable correction in Chinese asset prices.  Read more...

EUR/USD Daily Forecast – 25 November

Yesterday's session brought German Business Confidence data. The Ifo Business Climate Index for German industry and trade rose considerably to 109.0 points in November from 108.2 points in October. No change was expected. Assessments of the current business situation improved. Optimism with a view to future business developments also continued to increase for the third consecutive month. The German economy remains unaffected by growing uncertainty worldwide. Not even the Paris attacks had a negative impact on survey data.

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EUR/USD Daily Forecast – 25 November

Euro was pushed higher in the course of the yesterday's session, but area around 1.0670 level still offers plenty of resistance at the moment. We can expect quite volatile session tomorrow, with focus on US data, especially since Thursday will be marked by Thanksgiving holiday. Read more...

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