ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Will the European labor dynamic boost the EUR?
Information is not investment advice
The European unemployment rate will be announced on Thursday at 12:00 MT time.
Instruments to trade: EUR/GBP, EUR/USD, EUR/JPY, EUR/CHF
As the businesses are reopening in the Eurozone, so are the labor statistics expected to bring positive changes to the picture. The unemployment rate was down to 6.4% in February and March, then it rose to 6.6% in April. The end of the second quarter is forecast to show a 7.2% of unemployed people in European countries. Hopefully, lifting the restrictions will improve the picture to ensure that indeed the economy in Europe had passed the bottom of this crisis as it was reported lately.
- If the European labor market improves, the EUR will rise.
- Otherwise, it will fall.
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ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
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The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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