Market Updates: Spanish Unemployment Change Misses Forecast – EUR Takes a Dip

Posted Monday, March 4, 2019 by
Arslan Butt • 1 min read

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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