Tue, 01 May 2012 20:09:00 +0400
Forex news, EURUSD. International Labour Organization (ILO) expresses concern about alarming situation at labour market of Eurozone and predicts slowdown of economic growth in the region if hard austerity continues. According to ILO, such policy has negative influence on new jobs dynamics, especially in the countries with advanced economy.
ILO report says that policy, narrowly directed at the economy of money means, makes the crisis at labour market stronger and may lead to another wave of recession in eurozone. On the other hand, according to information from ILO, stabilization of labour market happens quicker at developing markets, and it has already passed pre-crisis results.
ILO Analytics Team is currently concerned about labour market in many countries with advanced economy. According to it, during the nearest years European economy is highly unlikely to show growth, whose pace will be enough to compensate the current deficit of jobs and provide over 80 mln. people with jobs, as they will become unemployed during this period.
As explained by Commodity Trading Department of Masterforex-V Academy, euro future is traded at lowered volumes between the levels of support and resistance 1.3250-1.3300. In this reference, two stop-volumes in a row signal about harder upward trend, and resistance may be tested if the power of demand gets higher; otherwise, EURUSD will continue the flat-type trend within the stated margins.
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These are the Main Daily Trading Signals with a closer look at the technical models and how they compare with the interbank at 8 AM GMT.
Euro/Dollar sees 4 buy prompts on both its 1 and 4-hour charts, but the 24-hour scale turns neutral with 5 models, and it is in line with the less than 1% long interbank.
You're watching the Main Daily Trading Signals for Monday. Here's how the interbank compares with the technicals at 8 AM GMT.
All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term. The mid-term turns neutral with 4 models, and the daily outlook brings 4 buy prompts. Neutral at less than 1% long, the interbank supports the 4-hour models.
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