EURUSD Fundamental Analysis – April 29th 2016

EURUSD Fundamental Analysis – April 29th 2016

Written by: PaxForex analytics dept - Friday, 29 April 2016 0 comments

Here are the key factors to keep in mind today for Euro trades:

  • Eurozone Unemployment Rate: The Eurozone Unemployment Rate for March is expected at 10.3%. Forex traders can compare this to the Eurozone Unemployment Rate for February which was reported at 10.3%.
  • Eurozone CPI: The Eurozone CPI for April is expected to decrease by 0.1% annualized. Forex traders can compare this to the Eurozone CPI for March which was flat at 0.0% annualized. The Eurozone Core CPI for April is expected to increase by 0.9% annualized. Forex traders can compare this to the Eurozone Core CPI for March which increased by 1.0% annualized.
  • Advanced Eurozone GDP: The Advanced Eurozone GDP for the first-quarter is expected to increase by 0.4% quarterly and by 1.4% annualized. Forex traders can compare this to the previous Eurozone GDP for the first-quarter which increased by 0.3% quarterly and by 1.6% annualized.

Here are the key factors to keep in mind today for US Dollar trades:

  • US Employment Cost Index: US Employment Cost Index for the first-quarter is expected to increase by 0.6% annualized. Forex traders can compare this to the US Employment Cost Index for the fourth-quarter which increased by 0.6% annualized.
  • US Personal Income and Personal Spending: US Personal Income for March is expected to increase by 0.3% monthly. Forex traders can compare this to US Personal Income for February which increased by 0.2% monthly. US Personal Spending for March is expected to increase by 0.2% monthly. Forex traders can compare this to US Personal Spending for February which increased by 0.1% monthly. US Real Personal Spending for March is expected to increase by 0.1% monthly. Forex traders can compare this to US Real Personal Spending for February which increased by 0.2% monthly. The PCE Deflator is expected to increase by 0.1% monthly and by 0.8% annualized. Forex traders can compare this to the PCE Deflator for February which decreased by 0.1% monthly and increased by 1.0% annualized. The PCE Core Deflator is expected to increase by 0.1% monthly and by 1.5% annualized. Forex traders can compare this to the PCE Core Deflator for February which increased by 0.1% monthly and increased by 1.7% annualized.

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