We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bullish
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • China home prices m/m for November: Actual: 0.3% Prior: 0.5%
  • #USDCHF pivot points (daily) – S3: 0.9722, S2: 0.9779, S1: 0.981, R1: 0.9867, R2: 0.9894, R3: 0.9951- https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • IMF to Australia: - Renewed overheating in the housing market poses a risk - #RBA and the government should keep macro policies accommodative (BBG)
  • #GBP, #SEK and the #NOK are expected to be the most active G10 currencies vs USD with 1-week implied volatility at 9.35, 9.13 and 8.90, respectively
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/RgnsklZ2Gl
  • The Australian and New Zealand Dollars trimmed their gains as optimism on the US-China “phase one” trade deal faded. NZD/USD is at risk to turning lower on signs of technical indecision $AUDUSD $NZDUSD #tradewars - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/12/16/Australian-Dollar-and-New-Zealand-Dollar-Outlook-as-Week-Begins.html?CHID=9&QPID=917702 https://t.co/SmVBWwojc3
  • - The Singapore Dollar (SGD) presents a unique undertaking for traders - It is guided by the MAS, which manages the exchange rate instead of short-term rates - Learn the principals of developing an SGD fundamental forecast to trade USD/SGD https://www.dailyfx.com/forex/fundamental/article/special_report/2019/09/03/The-Singapore-Dollar-and-MAS-What-is-SGD-and-How-to-Trade-it.html
  • #DidYouKnow a #Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/c51s3IBcEu https://t.co/eWM70sTfq3
  • Natural Gas trading is popular among traders due to its volatility. How can you trade this? Find out here: https://t.co/GSzSS9fn7Z https://t.co/bl0lp9NtkQ
  • #EURUSD pivot points (daily) – S3: 1.0991, S2: 1.1065, S1: 1.1093, R1: 1.1167, R2: 1.1214, R3: 1.1288- https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
EUR/USD Supported For Now as Euro-Zone Unemployment Falls

EUR/USD Supported For Now as Euro-Zone Unemployment Falls

2017-04-03 09:30:00
Nick Cawley, Analyst
Share:

Talking Points

- EURUSD boosted by unemployment figures, as 140,000 jobs are added in February.

- Unemployment at its lowest level since May 2009.

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar.

The euro area seasonally-adjusted unemployment rate was 9.5% in February 2017, down from 9.6% in January 2017 and from 10.3% in February 2016, the lowest rate recorded in the euro area since May 2009, according to official data from Eurostat.

Among the Member States, the lowest unemployment rates in February 2017 were recorded in the Czech Republic(3.4%), Germany(3.9%) and Malta(4.1%). The highest unemployment rates were observed in Greece(23.1% in December 2016) and Spain (18.0%), highlighting the differences between the northern and Southern states.

EUR/USD Supported For Now as Euro-Zone Unemployment Falls

EURUSD picked up a touch on the news, but remains weak after ECB officials last week had to reassure the markets that tapering, or a rise in interest rates, was not on the cards with core inflation still well below target of around 2%.

Chart: EURUSD Five-Minute Timeframe (April3, 2017)

EUR/USD Supported For Now as Euro-Zone Unemployment Falls

Chart by IG

--- Written by Nick Cawley, Analyst

To contact Nick, email him at Nicholas.cawley@ig.com

Don't trade FX but want to learn more? Read the DailyFX Trading Guides

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.