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Consumer confidence, as measured by the Conference Board saw a modest increase in February. The data showed that the consumer confidence index rose to 130.7 from a downward revised 130.4 in January. The data was below estimates of 132.5. The markets brushed aside the data, amid more important global narratives prevailing at the moment.
German Economic Growth Stalls in Q4
Germany’s economic growth in the final three months of 2019 stagnated. The data, provided by statistics agency Destatis showed that GDP was flat on the quarter. This comes after a 0.2% increase in the previous quarter. The revised estimates were also unchanged from the preliminary estimates released a few weeks ago.
Is the EURUSD Reversing the Trend?
The common currency is once again on the front foot picking up some bullish momentum. The gains come following prices bottoming out near the 1.0800 handle. After establishing support at ...
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