{"id":134889,"date":"2018-10-04T10:38:46","date_gmt":"2018-10-04T14:38:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134889"},"modified":"2018-10-04T06:55:20","modified_gmt":"2018-10-04T10:55:20","slug":"eu50-analysis-lower-euro-zone-unemployment-bullish-for-eu50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/eu50-analysis-lower-euro-zone-unemployment-bullish-for-eu50\/","title":{"rendered":"EU50 Analysis – Lower euro-zone unemployment bullish for EU50"},"content":{"rendered":"
October 4, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Lower euro-zone unemployment bullish EU50<\/strong><\/p>\n

Euro-zone unemployment fell in August while inflation edged higher. Will the EU50 <\/a> recovery continue?<\/p><\/blockquote>\n

Recent euro-zone economic data were mostly positive: headline inflation upticked to 2.1% in September from 2%, unemployment declined in August to 8.1% from 8.2%, and retail sales rose more than expected in August – 1.8% over year from 1.7% in previous month when 1.7% growth was expected. Positive euro-zone data are bullish for EU500. However the newly revealed Italy\u2019s government plan of bigger than expected budget deficit of 2.4% of GDP for 2019 is a downside risk which may weigh on euro-zone growth prospects.<\/p>\n

\"EU50<\/p>\n

On the daily timeframe EU50: D1 <\/b> is retracing higher after bouncing off the resistance turned support line. The price is attempting to breach above the 50-day moving average MA(50).<\/p>\n