Positive macroeconomic statistics from Europe | 22 February 2023

22 February 2023, EUR/USD

Positive macroeconomic statistics from Europe

EURUSD trading plan:

S&P Global flash Composite Purchasing Managers' Index for the 20 countries that use the euro, seen as a good gauge of the bloc's overall economic health, climbed to a nine-month high of 52.3 in February from January's 50.3. Business activity in Germany, Europe's largest economy, returned to growth for the first time in eight months in February thanks to easing supply bottlenecks and improved underlying demand, its PMI showed. German investor sentiment continued on its recovery path in February, the ZEW economic research institute said. France's PMI painted a similar picture, showing activity grew this month for the first time since October, helped by a slight easing in inflationary pressures and strength in the jobs market.

Investment idea: buy 1.0640 and take profit 1.0720.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus