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Old 15-02-2021, 22:31
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KostiaFM KostiaFM is offline
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Default Re: Daily Market Analysis by ForexMart

EUR/USD. February 15, 2021 Euro is stable at local highs

The EUR/USD pair continues to hold in positive territory above the 1.2100 level. The current quotation of the asset is 1.2135.

Today in the United States is a day off in honor of the President's Day, so the day promises to be calm. From economic statistics, it is worth highlighting only the publication on industrial production in January in the euro area: the decline in industrial production amounted to 1.6% after an increase of 2.6% mom in December. In addition, a meeting of the Eurozone finance ministers kicks off today. And Germany will publish a monthly economic report.

Friday's statistics from the US showed that the consumer confidence index from the University of Michigan fell to 76.2 points in February against the previous value of 79.0 and the forecast of growth to 80.8 points. Such indicators are the lowest for the last six months. The index of current economic conditions reflected a decline to 86.2 points in February from 86.7 in January. Thus, the US dollar will continue to weaken tomorrow, after the weekend.
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