DailyFX is the forex news and research arm of FXCM, Inc (NYSE: FXCM), which provides currency trading and brokerage services and is an advertiser on TheStreet websites. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Currency trading involves significant risk of loss. Individual authors may hold positions in the currencies discussed in the article.
By Research Team, 1030: Eurozone employment fell 0.2% in Q4 2011, after falling 0.1% the previous quarter. Meanwhile, Greek unemployment for Q4 has come in at an astronomical 20.7%, up from 17.7% in Q3. Meanwhile, the French debt auction today has seen inproved yeilds overall as the ECB's LTRO spurs investor demand in Europe. 0905: The ECB in its march monthly report has said it sees signs of stabilization in the economy; ECB will ecit crisis measures in a "timely" way. The central bank warned of upside risks in inflation, however, saying inflation will likely exceed the EU target of 2% in 2012. Meanwhile, the SNB has kept policy chages on hold, leaving its interest rate unchanged at 0.00% and reiterating its commitment to the 1.2000 franc ceiling. 0705: Today's European session opens with the news the car registrations in the EU-25 area dropped 9.7% in February. Earlier, we learned that the consumer confidence in New Zealand fell in February, a development which caused Kiwi to remain under pressure for most of the Asian session. Japanese equities remain well bid as the Yen depreciates. Stay tuned for Eurozone employment numbers later in the European session.