European Unemployment figures due
Today we are due to hear the latest European unemployment figures, recently we have seen both France and Spain hit record highs and so this figure today could be more negative news and the current forecast is for the unemployment to be higher than last months numbers. Should this be the case and the unemployment stats even breach the forecast then we could see some EUR weakness which could present clients with some excellent opportunities to buy Euros today. This news comes out following UK mortgage approval figures which will give an insight into the strength (or otherwise) of the UK housing market, predictions are that the figures are likely to be very similar to last month but there is the chance of a small uplift in the numbers which could provide a little Sterling strength. So, these two data releases coupled together could mean we will see a spike for GBP EUR exchange rates this morning, however with all economic data releases there is every chance that we could see the figures not live up to their forecast and result in a Sterling slide. If you need to buy Euros and would like to keep up to speed with the latest currency news then make sure you stay in close contact with your currency broker here at Foreign Currency Direct plc.
Canadian GDP Figures Due – CAD Exchange Rates
This afternoon we have the latest GDP figures due which are likely to show no change from last months figures of 0.2% growth. While this is very minimal growth it is still growth meaning the country is still avoiding recession which is clearly positive news. However, should we see any variation in these figures then there is a chance that we could see some volatility for the CAD today. To stay in touch with the latest news surrounding the Canadian Dollar and the Canadian GDP figures then speak to one of our expert currency brokers who can act as your eyes and ears on the currency markets and let you know all the relevant currency news. If you do not already have a currency broker you can call straight through to our trading floor on 01494 849752 or alternatively email me directly on email@example.com. We have numerous currency contracts which we can tailor to your individual requirements and we will be happy to discuss your requirements and give you our opinions on the currency markets in order for you to make an informed decision as to when to trade. Call us today to find out more.