EURUSD has increased to its highest level since the ninth of the last November after the development and economic data today’s Friday about Eurozone economic and the American economic the biggest economic in the world.
At 3:51 pm GMT EURUSD has increased by 0.53% to the level 1.1272 compared with the opening level 1.1213 after it records the highest level in seven months at 1.1282 while recording the lowest level during the session trading at 1.1205
And we followed the fourth biggest Eurozone economic Spain issued the reading of unemployment change index which observed about 111.9 thousand jobs during the last May, other than the expectation, before we see the zone economic and the reading stability of producers prices index at the zero without the expectation during the same month
Otherwise we follow the American Economic and it observed the reading of changes in jobs sectors index except agricultural sector which observed a slowdown in jobs growth by 138 thousand additional jobs during May, while the unemployment rates in the United States had backed down to the lowest level since March 2001 to 4.3% compared with the last monthly reading and the expectation at 4.4%.
And the difference in American labor market comes under pricing the markets monetary policy makers chances at the federal reserve bank and to move on to tightening the monetary policy during current June meeting and the federal committee members of the open market may reveal about their expectation about the unemployment and inflation rates adding to their expectation about the future of the interest prices for the next three years.
Recommended Forex Brokers to trade EURUSD
- Up to 400:1 Leverage
- $100 Minimum Deposit
- Spreads from 0.9 pips
- Free Demo Account
- Excellent Customer Service
- Regulated Firm in EU, AU, South Africa and Japan
100% Bonus up tp $10,000.Visit Now
- Safe Trading with a Regulated Broker
- £25 Free No Deposit Required ( T&C apply )
- Minimum Deposit only $100
- Free £100,000 demo account
- Free e-book, personal training and online webinars
- Over 2,000 Assets to Trade
- Low Spreads from 2 pips
- Islamic accounts
£25 Free Not Deposit Required ( T&C apply )Visit Now
Latest posts by Mohammed Abdelkhalik (see all)