Trading news

Expert's opinion from FXFinPro

Unemployment in the euro area fell to 10.2%

Eurozone GDP growth in the 1st quarter accelerated to 0.6%, against expected growth of 0.4%. It is worth noting that in the 4th quarter of last year growth was 0.3%. In annual terms, GDP growth was 1.6%, despite the slowdown forecast to 1.5%. At the same time, positive news today were about reduction in the unemployment rate in the Eurozone which was 10.2% in March compared to 10.3% previously. Improving macroeconomic statistics will support the growth of the euro, but its potential is limited and we maintain a medium-term negative outlook and soon the price may fall to 1.1200.


More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Friday, 29 Apr, 2016 / 12:12

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020

The Euro extends gains above 1.19 after weaker than expected US macro data [...]

Posted on Thursday, 26 Nov, 2020 / 9:37 under

Help is On the Way

The Fed considers helping the US economy “fairly soon”, the ECB [...]

Posted on Thursday, 26 Nov, 2020 / 8:54 under

GBPUSD Tests The 1.3300 Support Level

The British pound sterling is failing to make further gains after clearing the [...]

Posted on Wednesday, 25 Nov, 2020 / 12:20 under