Market Updates: Eurozone GDP and Final Employment Jump by 0.2%
Arslan Butt•Friday, December 7, 2018•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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Arslan Butt
Index & Commodity Analyst
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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