01 May 08:09 PM
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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The dollar succumbed to a week by 0.97 % against the pound, finishing the exchanging session on Friday close to 1.6729. The dollar essentially debilitated against most monetary forms on Forex on the base of the negative state of mind towards them by business sector members because of arrival of a generally powerless financial investigates Friday, on the fourth of April. In the meantime, the development of the pound to the dollar is upheld by solid financial information discharged in the UK. Exchanging week finished on the 7-11 of April, and Forex brokers abridged their exercises.