Read the daily news and get the fresh tech analysis of EUR/USD, USD/JPY, and gold!
Will the euro stand firm?
The European unemployment rate is announced on Wednesday at 12:00 MT time.
Instruments to trade: EUR/GBP, EUR/USD, EUR/CAD, EUR/CHF
In February and March, unemployment in the EU was at 6.5%. It is the lowest over the course of more than a decade: the large downtrend started at 11.5% in 2014 and since then, it has only been making its way down to that 6.5% in spring. Now, the virus made it rise again: from 6.7% in April to 7.5% in August and September. Although the last two months have been showing the same percentages, it would not be pointless to expect a new upswing in European unemployment due to the second wave of the virus. So if the number of jobless people in the EU rises again, the EUR will likely slump. Otherwise, it will rise.
- If the jobs data is better than the expectations, the EUR will rise.
- If the figures are worse than the forecasts, the GBP will drop.
What's moving markets on Friday? What is the hottest news? Let's find out!
What's moving markets on Thursday? Jump in and you'll get the full market wrap!
Read the daily report to get the full market wrap!
The European Central Bank is holding a meeting on April 22 at 14:45 MT time. What to watch?
The Bank of Canada (BOC) will publish the rate statement and the update on the interest rate on April 21, at 17:00 MT time.