[ARCHIVE] FOREX - Trends, Forecasts and Consequences (Episode 14: April 2012) - page 4
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Yep +22 points profit =)
I don't.
Friday is the eurozone holiday. let's stay in the doldrums....
I'm so sick of this flat. we've been in a 100 pips range for a week now.
Friday is the eurozone holiday. let's stay in the doldrums....
Barclays Capital analysts recommend investors to pay attention to the ECB press conference on Wednesday at 14:30 GMT. Central bank officials might hint whether they are ready to stop using unconventional measures to boost liquidity. If there are signs of normalisation, the single currency could receive support. However, according to economists, such an outcome is unlikely.
Specialists believe that the single currency will be under bearish pressure. They draw the attention of market participants to the fact that in March the composite manufacturing Purchasing Managers Index ( manufacturing PMI) for the euro area did not exceed 50 and this is a bad sign.
According to BarCap analysts, although Germany's economic growth will generally improve the outlook for the region, today's positive data for Germany is offset by weakness elsewhere in the eurozone. While the bank expects German industrial production data (to be released on Thursday at 12:00 GMT) to be better than forecasted (0.3% and -0.1% respectively), it is unlikely to lead to sustained growth in the single currency.
Eurozone has record unemployment rate
The unemployment rate in the euro zone has reached a record high since the introduction of the pan-European currency in 1999. As reported Monday, April 2, agency dpa, citing the European statistical office Eurostat, in February the figure reached 10.7 percent in 17 countries of the euro zone, compared to 10.2 percent in January. The situation is slightly better in the European Union as a whole. The unemployment rate in the 27 EU countries was 10.2 percent in February. There were 24.5 million women and men unemployed in the EU as of February, of which 17.1 million in the Eurozone, AFP recalled. Compared to January, the number of unemployed in the EU as a whole has increased by 167,000 and in the euro zone by 162,000. The countries with the lowest unemployment rates are Austria (4.2%), the Netherlands (4.9%), Luxembourg (5.2%) and Germany (5.7%). Spain (23.6%) and Greece (21%) have the highest unemployment rates.
They bounced back after all. Just as I thought.