Inflation
is a key aspect of Eurozone econom and representatives of European Central bank are trying to to boost it. Unfortunately, low oil price and
slow reaction on economy stimulating measures prevent this intention.
At the moment Year-over-Year CPI remains negative, while the
target is 2.5%.
If CPI
actual results are higher that expectations – EUR will significantly strengthen
There is still the uptrend on EURGBP chart and for the last
week EUR gained over 100 points yet again.
0.79277 and 0.79477 are the next important levels of support.
EURUSD. Second
Key event of the week – US Unemployment rate and Nonfarm Payrolls (April 1,
15:30 GMT +3)
This Friday
the most anticipated report will be published – US Unemployment rate and
NonFarm Payrolls report. These are the most important news from the labor
market and they have a massive impact on rate movements. Unemployment rate is
more significant compared to Nonfarm report and market participants consider it
first.
Numbers
keeps decreasing (almost 3% for the last week), and that is a very good result.
Then it will have a positive effect on
USD.
Very informative!
ReplyDeleteAlways useful to know what economic data will have impact on the week.
ReplyDeleteThanks for the relevant information.
ReplyDeleteVery helpful post, thanks.
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ReplyDeleteThat's very good to know.
ReplyDeleteThanks for such an informative article.
ReplyDeleteInformative post.
ReplyDeleteVery useful information.
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