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INO.com’s Daily Market Analysis

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CURRENCIES:

CURRENCIES: The December Euro currency closed down 26 points at 1.1597 today. Prices closed near the session low today. The bears have the firm overall near-term technical advantage and are regaining power.

The December Japanese yen closed down 345 points at .87625 today. Prices closed nearer the session low today. Bears have the solid overall near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart.

The December Swiss franc closed down 7 points at 1.0881 today. Prices closed nearer the session high today. The Swissy bulls and bears are on a level overall near-term technical playing field. However, prices have been trending up for three weeks.

The December Canadian dollar closed down 4 points at .8069 today. Prices closed nearer the session low today. The bulls have the overall near-term technical advantage. Prices have been trending higher for five weeks.

The December British pound closed down 12 points at 1.3759 today. Prices closed near the session low today. The bulls and bears are on a level overall near-term technical playing field. Prices have been trending up for three weeks, to suggest a market bottom is in place.

The December U.S. dollar index closed up 0.191 at 94.000 today. Prices closed near the session high today. The bulls have the firm overall near-term technical advantage.