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German ZEW and UK employment amongst market movers today – Danske Bank

According to analysts at Danske Bank, in Germany, focus is on the ZEW reading for April today, ahead of the important PMIs on Thursday.

Key Quotes

“After a difficult start to the year, we already saw rays of light in the March ZEW reading with the expectations-current conditions spread turning positive for the first time since 2012. In April, we see scope for further upside for the expectations component in light of better recent data not least out of China, while we expect the current situation assessment to stabilise around the current level.”

In the UK, the jobs report for February is due out, which will likely point to solid employment growth, after GDP growth surprised on the upside last week.”

In the US, markets will keep an eye on the industrial production figures for March ahead of the first estimate of Q1 GDP growth to be released next week.”

 

UK: Unemployment rate likely to hold steady at 3.9% - TDS

TD Securities analysts point out that the UK’s employment report for the three months ending February is released and will be a key economic release f
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AUD/USD Technical Analysis: Bounce from 61.8% Fibo./100-day SMA highlights 0.7200 resistance

AUD/USD recently bounced off the 0.7140 support-confluence comprising 61.8% Fibonacci retracement and 100-day SMA.
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