Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
German unemployment claims fall- EUR/USD edges higher as GDP report looms
As suspected and conveyed to you earlier, the EUR/USD push towards the 1.14 handle did reach a zenith before and just after the 8am London fix, confirming what was noted at the time. The EUR/USD has since been edging back and that has come as the USD/JPY continues to press higher. The April German unemployment report has just this minute been released. The markets were expecting an improvement in the number of unemployment claims, which previously stood at 26k. The forecast was for a number around 15k. The underlying rate of unemployment was forecast to remain static, at 6.3%. Well, that is the case, but the number of claims has fallen to just 4k and that is pretty good news for the Euro, which has just lifted on the news currently trading at 1.1385 and the latest German GDP data looms in a couple of minutes from now, at 8am GMT
Market News
All News-
US stocks open lower but not as low as it might have been-check out the Dow Jones now
The US stock markets have just reopened and of course it has been a lower start to the day, but it was always going to be that way after Trump... -
S+P 500 facing a nervous start to the final session of the week
As the US stock markets will soon reopen for the final live trading session of the week, it is going to be a markedly lower start to the day stateside... -
GBP/USD stands above the rest right now but with one exception
As the EUR/USD regathers its poise and recovers a fall to 1.13 on the Trump Truth Social Salvo earlier this afternoon, the GBP/USD has just now lifted...
