Eurozone PPI rose 5.2% mom, 30.6% yoy in January, above expectation of 3.0% mom, 26.9% yoy. For the month, industrial producer prices increased by 11.6% in the energy sector, by 2.7% for intermediate goods, by Read more…
Eurozone unemployment rate dropped from 7.0% to 6.8% in January, better than expectation of 6.9%. EU unemployment rate dropped from 6.3% to 6.2%. Eurostat estimates that 13.346 million men and women in the EU, of Read more…
UK PMI Services was finalized at 60.5 in February, up from January’s 54.1. That’s the highest level since last June. PMI Composite was finalized at 59.9, up from February’s 54.2. Andrew Harker, Economics Director at Read more…
Eurozone PMI Services was finalized at 55.8 in February, up from January’s 51.1. PMI Composite was finalized at 55.5, up from January’s 52.3. That’s also the strongest reading since last September. Looking at some member Read more…
Germany PMI Services was finalized at 55.8 in February, up from January’s 52.2. PMI Composite was finalized at 55.6, up from January’s 53.8. That’s also the highest level since last August. Phil Smith, Economics Associate Read more…
France PMI Services was finalized at 55.5 in February, up from January’s nine-month low of 53.1. PMI Composite was finalized at 55.5, up from January’s nine-month low of 52.7. Joe Hayes, Senior Economist at IHS Read more…
EURJPY has gained buoyancy slightly above the 128.00 level, but the bearish structure of the pair, looks to be unflustered by buyers who recently found their feet at a one-year low within the 127.29-127.50 support Read more…
EUR/GBP falls ahead of PMIs EURGBP is falling for a fourth consecutive day, dropping to levels last seen two years ago. The Euro remains under pressure despite record high inflation. CPI in the region hit Read more…
Daily Pivots: (S1) 1.1074; (P) 1.1109; (R1) 1.1159; More… EUR/USD’s decline is in progress and intraday bias stays on the downside. Current fall is part of the down trend from 1.2348. Next target is 61.8% Read more…
Daily Pivots: (S1) 1.3316; (P) 1.3362; (R1) 1.3451; More… Intraday bias in GBP/USD stays neutral and sideway trading continues. Further decline is expected with 1.3485 support turned resistance intact. On the downside, break of 1.3272 Read more…