Market Updates: Eurozone GDP and Final Employment Jump by 0.2% - Forex News by FX Leaders

Market Updates: Eurozone GDP and Final Employment Jump by 0.2%

Posted Friday, December 7, 2018 by
Arslan Butt • 1 min read

What’s up, fellas.

The Eurostat just released the GDP and Employment report for the Eurozone and both of these are neutral.

Revised GDP q/q – The gross domestic product (GDP) was forecast to be 0.2% and the actual figure also came out as 2%.

Final Employment Change q/q- Eurozone labor market grew by 2% exactly in line with the forecast, which is why we may not see any major moves in the EUR/USD .

What’s Next?

Traders, the market is lacking trading volume as investors await the US non-farm employment change and unemployment rate from which is due at 13:30 (GMT).

Check out FX Leaders’ morning update, What to Expect from the Market Today to read our analysis on the US NFP.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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