Market Updates: Spanish Unemployment Change Misses Forecast – EUR Takes a Dip
The EUR/USD pair has dropped to 1.1340 down by -0.30% just now. It can take a bullish reversal above $1.1320 today.
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Last updated: Monday, March 4, 2019
Thanks to the worse than expected unemployment rate from Spain, our forex trading signal in EUR/JPY hit take profit. As per reports, the registered unemployment in the offices of the Public Employment Services has been reduced by 181k people with respect to the same month of the previous year. This marks a yearly reduction rate of 5.22%.The news release has also caused a sharp dip in the EUR/USD .
The EUR/USD pair has dropped to 1.1340 down by -0.30% just now. It can take a bullish reversal above $1.1320 today.
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Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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