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EUR/USD Daily Forecast - 05 February

Saturday, Feb 03 2018
EUR/USD Daily Forecast - 05 February

On Friday, from Eurozone, Spanish Unemployment Change figures were released.  The number of unemployed registered in the offices of the Public Employment Services has risen in January by 63,747 people in relation to the previous month. In the last eight years the increase registered on average was 108,866 people. In seasonally adjusted terms, unemployment has dropped by 24,161 people.  With respect to January 2017, unemployment has been reduced by 283,703 people, and the year-on-year reduction rate stands at 7.54%. In this way, the total number of registered unemployed stands at 3,476,528, and remains at its lowest level in the last 8 years.

US session was marked by NFP report. Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.Employment continued to trend up in construction, food services and drinking places,health care, and manufacturing. In January, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents to $26.74, following an 11-cent gain in December.

 

There will be no major data releases from Eurozone on Monday. In the US session ISM Non-Manufacturing PMI figures will be published. Analysts predict incline to 56.5.

 

Figures to watch:

 

ISM Non-Manufacturing PMI (Monday 16:00)

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