Economic Sentiment Indicator improved at a stronger pace than expected in Eurozone.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- Economic Sentiment Indicator improved at a stronger pace than expected in Eurozone.
- EUR/USD gained traction after the data and climbed above 1.0900.
The data published by the European Commission revealed on Monday that the Economic Sentiment Indicator in the Euro area and the EU improved to 99.9 and 98, respectively.
Further details of the publication showed that the Industrial Confidence in the Euro area rose to 1.3 from -0.6 in December, the Services Sentiment advanced to 10.7 from 7.7. Finally, the Consumer Confidence Index came in at -20.9, matching the flash estimate.
EUR/USD edged higher with the initial reaction and was last seen trading in positive territory above 1.0900.
[/s2If]
Join Our Telegram Group
