KEY DATA: Here are some thoughts There were a lot of layoffs in oil and gas but these layoffs are slowing. There was significant impact of rising dollar, but lately, the strength in dollar has reversed. Bad weather contributed to the ugly number but the bad weather is behind us. The number is significantly below
The inflation in the Euro Zone have been coming down sharply since 2012 and now there is a risk that the market could be pricing a “printing job†from the ECB similar to the US some years ago. EIKON Polls Estimates on EUR/USD. On the other hand, we see a constant flattening of longer-run unemployment
