The Euro steady versus the greenback on upcoming employment data

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Source: Forexpros

On Friday, the 17-nation currency was traded close to a 2-week high versus the U.S. counterpart, as investors eyed the upcoming U.S. employment data. EUR/USD hit a session low 1.2994, and later consolidated at 1.3011, which was a 0.04% decline for the European morning trading session. The pair's support was likely to be found at 1.2910, whereas the resistance was prone to be at 1.3059.

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Fri, 05 Oct 2012 13:10:55 GMT

U.S. unemployment rate unexpectedly fell to 7.8%

The U.S. jobless rate unexpectedly declined to 7.8% in September, the lowest level since Barack Obama became the U.S. President in January 2009, as employers hired more part-time workers. Economists projected the unemployment rate to increase from 8.1% to 8.2%. The U.S. economy added 114 000 employees last months following 142 000 gain in August, according to Labour Department figures. "The

Fri, 05 Oct 2012 12:49:50 GMT

Factory orders in Germany declined more than expected

Bundesministerium für Wirtschaft und Technologie reported on Friday that the number of factory orders in Germany decreased more than expected in September. German factory orders slipped by 1.3% in September from a preceding month's increase of 0.3%. Economists, however, expected that factory orders would fall only by 0.5%.

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