Latest data released by Eurostat - 30 January 2019
- Economic confidence 106.2 vs 106.8 expected
- Business climate indicator 0.69 vs 0.77 expected
- Industrial confidence 0.5 vs 0.5 expected
- Services confidence 11.0 vs 11.5 expected
Prior month's release can be found here. Of note, we're seeing a further decline in economic confidence as the reading falls to its weakest level since November 2016 as of the release here. Elsewhere, all other indicators are also showing declines for the month and that basically highlights the waning confidence levels towards the Eurozone economy as a whole.
EUR/USD is still suspended between a narrow range on the day sitting at 1.1430 currently as traders continue to wait on the Fed meeting to come before pursuing further directional moves on the day.
