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Eurozone Unemployment Rate stable at 10.3%

The euro area (EA19) seasonally-adjusted unemployment rate was 10.3% in February 2016, down from 10.4% in January 2016, and from 11.2% in February 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment rate was 8.9% in February 2016, stable compared to January 2016, and down from 9.7% in February 2015. This is the lowest rate recorded in the EU28 since May 2009. Read more...

Eurozone CPI at -0.1% in March

Euro area annual inflation is expected to be -0.1% in March 2016, up from -0.2% in February, according to a flash
estimate from Eurostat, the statistical office of the European Union. This was in line with market expectations.
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EUR/USD Weekly Forecast - 28 March – 01 April

Euro spent last week in a decline going all the way to 1.1150 handle where pair managed to found some amount of support. Though there were no major data releases, euro was put under pressure after Brussels attacks, and also dovish Fed stanzas impact started to fade out. Next week we can expect more volatility in the second part of the week with US NFP figures being released. We believe that we can expect some amount of support around 1.11 handle initially and 1.1050 handle in extension. On the other hand, resistive candles above 1.1250 handle would offer short-term selling opportunity.

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Euro area economic growth is expected to accelerate further

There were no data releases from Eurozone today. Euro area economic growth is expected to accelerate further over the next several years but weak external demand and a slowdown in emerging markets will dampen the recovery, the European Central Bank said on Thursday in a regular economic bulletin.
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