07, May 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

This week's economic calendar does not have important news.

Employment growth in the U.S. accelerated in April, the unemployment rate fell again. It indicates that a stable, but still a measured economic growth.

As reported on Friday, the U.S. Labor Department, employers created 165,000 new jobs in the last month. The unemployment rate fell by 0.1 to 7.5%. This is the lowest unemployment rate since December 2008.

Production in the number of jobs has remained unchanged. Thought an automobile production seemed strong its general manufacturing activity slowed in April. According to the Institute for Supply Management ISM, manufacturing Purchasing Managers Index PMI U.S. fell to the lowest level since December.

U.S. nonfarm payrolls surprised investors as April data came out better than it was expected, 165K instead of 145K. In addition, the weakness of the March was revised higher by 50 to 88K to 138K.