Statistics on the unemployment rate in the euro area and the United States today will be in the spotlight of investors. Reduction in the Eurozone will increase investor confidence in the European currency despite the fact that in some countries like Spain, this figure exceeds 25%. In the U.S., the situation with the number of employees is gradually improving and the unemployment rate should continue to decline according to the estimations of most experts. In addition, traders today will pay attention to the number non-farm payrolls in the U.S. that displays the ability of economy to create new jobs.
We expect improvement in the labor market of the Eurozone and the U.S. in the near future, but despite this forecast a substantial correction on the stock markets.
Wish you the profits!
FXFINPRO Capital Analytical department.