EUR/USD – Testing 1.33 as Markets as Eurozone Unemployment Numbers Improve

The euro is putting pressure on the 1.33 line in Wednesday's European session, but has not been able to push above this barrier. Wednesday has plenty of releases on the schedule, with major events from both the Eurozone and the US. So we could see some volatility from the pair as a result. In today's Eurozone releases, German numbers were a mixed bag. Retail Sales sagged but Unemployment Change looked sharp. French Consumer Spending was not impressive, posting a four-month low. There was better news on the employment front, as Eurozone and the Italian unemployment rates met expectations. In the US, there are three key releases later today - ADP Non-Farm Employment Change, Advance GDP and the Federal Reserve's FOMC Policy Statement.

The markets are getting a good look at German economic numbers, with four German releases so far this week. The releases have been mostly positive, pointing to some improvement in the Eurozone's largest economy. Earlier in the week, GfK...