- Tuesday, 02 February 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 03 February
Tuesday brought German and Spanish Unemployment Change data as well as Eurozone Unemployment rate figures. Germany’s unemployment rate unexpectedly fell to a record low in January, in a sign that economic sentiment in Europe’s largest economy is withstanding the tumult in global markets. The jobless rate fell to 6.2%, the lowest level since German reunification, from 6.3%, data from the Federal Labor Agency in Nuremberg showed on Tuesday. The number of people out of work declined by a seasonally adjusted 20,000 to 2.73 million. Economists predicted a drop of 8,000. “The good development of the job market has continued at the beginning of the year,” Frank-Juergen Weise, president of the labor agency, said in a statement. Read more...
- Tuesday, 02 February 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 03 February
Euro spent most of the yesterday's session in an uptrend, forming support slightly below 1.09 handle, but with resistance around 1.0940 area. Euro remains within its consolidation range without any clear trend at the moment, so we do believe it is best to just observe this market for now. As for tomorrow, any type of supportive candles around 1.0850 handle would offer short-term buying opportunity, while resistive candles around 1.0950 and 1.0980 level in extension would be short-term selling signal. Read more...
- Tuesday, 02 February 2016
- News
Eurozone Unemployment Rate at the lowest level since 2011
- Tuesday, 02 February 2016
- News
German unemployment at a record low
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