The regional employment figures out of Europe have produced mixed results today. Germany’s employment change revealed a contraction in jobs, but Italy published results which produced a modicum of optimism. The regional unemployment rate held steady at 9.9% and all of this data together has helped the EUR weather any bearish sentiment.
Traders are looking to this week’s employment data out of the United States as most investors look beyond fundamentals and debt woes to focus instead on the interest rate differentials between the two Atlantic giants. What impact this will have on the value of the EUR and USD this week is something many analysts are trying to speculate.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
