Euro dollar moved up slightly yesterday (April 11th), as the markets responded positively to a hint by the ECB that it may purchase more bonds to ease the financial crisis. However, investors remained concerned, with the focus now on Spain, which has declared it plans to implement new austerity measures, possibly in the next few weeks. There are numerous releases today in Europe and the US, but the markets will be focusing on US Unemployment Claims. These employment numbers could affect the direction of EUR/USD. In Europe, Industrial Production rose 0.5%, surprising the markets, which had forecast a 0.3% drop.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][URL="http://www.forexcrunch.com/eurusd-april-12-all-eyes-on-us-unemployment-claims/"]EUR/USD - All Eyes on US Unemployment Claims[/URL][/B]
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