Friday, May 26, 2017

Fundamental outlook Societe Generale

Fundamental outlook: Societe Generale and jobs outside the agricultural sector

French financial conglomerate Societe Generale has made its forecast for the fundamental news (jobs outside the agricultural sector), which is expected this Friday. I want to remind you that the data currently on the news 'of jobs outside the agricultural sector' and 'unemployment rate' as follows:

Data
NFP (jobs outside the agricultural sector) Jobless Rate (unemployment rate)
previous
223K5.3%
Forecast
222K - 225K
5.3%
factual
n / a
n / a

It should be noted that these two news the following applies:

  • NFP (Jobs outside the agricultural sector): if the actual value of prediction (or previous value) = positive for Currency (For the USD in this case). For the EURUSD it means strengthening the weakening of the dollar the euro, that is a trend caused by the publication of the actual value of the US Department of Labor on its website, is a top-down (in case the actual value, which will be published in this Friday, there will be more of the forecast).
  • Jobless Rate (unemployment rate): if the actual value of prediction (or previous value) = positive for Currency (For USD), that for the pair EURUSD means strengthening the weakening dollar
    euros, a trend caused by the publication of the actual value of the US Department of Labor on
    its website, will in this case downward.

So what are the actual values ​​for these two fundamental news predicts Societe Generale?

The forecast of the bank Societe Generale NFP (jobs outside the agricultural sector) Jobless Rate (unemployment rate)
factual
240K5.2%

Fundamental outlook Societe Generale

As we can see, the bank forecast the SG, if it is justified, will move the price chart for EURUSD pair far down. And in our case, I think we'll see a good trend downward as the breakdown of the cost of the key support levels.




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