EUR/USD Daily Forecast – 04 October

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Tuesday, Oct 03 2017

EUR/USD Daily Forecast – 04 October

Yesterday's session brought Spanish Unemployment Change figures. The number of unemployed registered in the offices of the Public Employment Service (SEPE) has risen in September by 27,858 people in relation to the previous month. In the last 8 years this month registered unemployment had increased by almost 50,000 people (49,764).

Thus, the total number of registered unemployed stands at 3,410,182. It remains at its lowest level in the last 8 years. In seasonally adjusted terms, unemployment declines again and it does so in 16,451 people. In the last 12 months, unemployment has decreased by 310,115 people, with a month-on-month increase of 8.34% in unemployment.

There will be no major data releases from Eurozone tomorrow. In the US session ISM Non-Manufacturing PMI figures will be released. Analysts predict no change.

Figures to watch:

ISM Non-Manufacturing PMI (Wednesday 16:00)

More in this category: « GBP/USD Daily Forecast – 04 October AUD/USD Daily Forecast – 05 October »

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