- Wednesday, 02 March 2016
- News
Number of unemployed in Spain rose by 2,231 people
- Tuesday, 01 March 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 02 March
Euro was initially pushed higher in the course of the session on Tuesday, but found area around 1.09 handle to be too restive, with pair pulling back all the way to 1.0830 level, where it found support and managed to rebound by the end of the session. As for Wednesday, pair is likely to find some amount of support around 1.0830 and 1.08 level in extension, as this is the bottom of recent consolidation range, while area around 1.09 level which was previously supportive should offer some amount of resistance, at least initially, and then 1.0950 level in extension in a case of a larger uptrend. Read more...
- Tuesday, 01 March 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 02 March
From Eurozone, yesterday, Spanish and Italian Manufacturing PMI, as well as Eurozone Unemployment Rate and German Unemployment Change data was published. Despite a slight slowdown in growth in February, the Spanish manufacturing sector continued to record a marked improvement in business conditions in the latest survey period. Moreover, the rate of job creation quickened to a seven-month high. Lower prices for oil and steel were the main factors behind an accelerated pace of decline in input costs, in turn leading firms to lower their output prices. The seasonally adjusted Markit Spain Purchasing Managers’ Index posted 54.1 in February, slightly below January’s reading of 55.4 but still signalling a solid improvement in the health of the sector.
Read more...- Tuesday, 01 March 2016
- News
Eurozone Unemployment Rate at the lowest level since August 2011
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