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Positive macroeconomic statistics from Europe

Positive macroeconomic statistics from Europe | 12 April 2023

12 April 2023, EUR/USD

Positive macroeconomic statistics from Europe

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Investor morale in the euro zone improved in April after a surprise dip in March, in a resumption of improvements of recent months as the assessment of current conditions rose to the highest level in more than a year, a fresh survey showed. Sentix's index for the euro zone rose to -8.7 points for April from -11.1 in March, beating forecasts. While an index on the current situation rose for the sixth month in a row in April, to -4.3 from -9.3, the fact that it remained in negative territory indicates the economy is, at best, in a stagnation phase, the survey showed. "There is no doubt that the euro zone economy has weathered the winter months better than many feared in the fall," Sentix said.

Investment idea: buy 1.0898 and take profit 1.0975.

David Johnson
Analyst of «FreshForex» company
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