Tag: fx

Eurozone November Unemployment Rate Remains Steady, in Line With Expectations

Eurozone unemployment rate remained steady at 9.8 percent in November, trending in line with market consensus expectations. The Euro area seasonally-adjusted unemployment rate was 9.8 percent in November 2016, stable compared to October 2016 and down from 10.5 percent in November 2015.

According to the Eurostat press release, this is the lowest rate recorded in the euro area since July 2009. The unemployment rate was 8.3 percent in November 2016, down from 8.4 percent in October 2016 and from 9.0 percent in November 2015. This is the lowest rate recorded in the EU 28 since February 2009.

These figures are published by Eurostat, the statistical office of the European Union. Eurostat estimates that 20.429 million men and women in the EU 28, of whom 15.898 million were in the euro area, were unemployed in November 2016. Compared with October 2016, the number of persons unemployed decreased by 41 000 in the EU28 and by 15 000 in the euro area. Compared with November 2015, unemployment fell by 1.552 million in the EU28 and by 972 000 in the euro area.

Meanwhile, the EUR/USD little changed following this data, down 0.19 percent at 1.0513 by 10:30 GMT. While at 10:00GMT, the FxWirePro’s Hourly Euro Strength Index stood neutral at +12.30 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

The material has been provided by InstaForex Company – www.instaforex.com

Technical analysis of USD/CAD for January 9, 2017

General overview for 09/01/2017:The bottom for the wave 2 or (b) might have been found at the level of 1.3177. The growing bullish divergence between the price and momentum oscillator indicates a stronger bounce towards the 50%Fibo at the level of 1.33…

Turkey Retail Sales Fall For Second Month

Turkey’s retail sales decreased for the second straight month in November, figures from the Turkish Statistical Institute showed Monday.

Retail sales volume fell a calendar-adjusted 2.0 percent year-over-year in November, much faster than the 0.2 per…

Technical analysis of EUR/JPY for January 9, 2017

General overview for 09/01/2017:The market still trades inside of the trading range between the intraday resistance at the level of 123.84 and intraday support at the level of 122.01. The current labeling suggests more impulsive wave progression come s…

الأسواق تواصل بحثها الغير مجدي عن المكاسب

تراجعت أسواق النفط يوم الإثنين، حيث أن الصادرات الإيرانية قوضت جهود منظمة أوبك في خفض الإنتاج والحد من العرض العالمي. قامت إيران ببيع أكثر من 13 مليون برميل من النفط الذي كان مخزن في الخزانات البحرية، في جهد للإستفادة من خفض الإنتاج المقترح من منظمة أوبك في شهر نوفمبر.

Technical analysis of GBP/USD for January 09, 2017

Overview:
The GBP/USD pair continues to move downwards from the level of 1.2315, which represents the double top on the daily chart. Last week, the pair dropped from the level of 1.2315 to the bottom around 1.2175. Today, the first resistance level is…