{"id":143193,"date":"2019-03-07T10:30:19","date_gmt":"2019-03-07T15:30:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143193"},"modified":"2019-03-07T07:46:11","modified_gmt":"2019-03-07T12:46:11","slug":"eu50-analysis-positive-euro-zone-data-bullish-for-eu50-stocks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/eu50-analysis-positive-euro-zone-data-bullish-for-eu50-stocks\/","title":{"rendered":"EU50 Analysis: Positive euro-zone data bullish for EU50 Stocks"},"content":{"rendered":"
March 7, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Positive euro-zone data bullish for EU50<\/strong><\/p>\n

Retail sales increase and private business sector expansion were better than expected in euro-zone. Will the EU50 <\/a> advance continue?<\/p><\/blockquote>\n

Latest euro-zone economic data were positive: retail sales in January rose more than expected, and private sector expansion accelerated more than forecast. The pace of private sector activities expansion in February was boosted due to the services sector expansion while manufacturing shrank for the first time since June of 2013. At the same time consumer inflation edged up: headline inflation ticked up to 1.5% in February from 1.4%. Meantime producer prices index maintained 3% increase rate in January. Positive Euro-zone data are bullish for EU50.<\/p>\n

\"EU50<\/p>\n

On the daily timeframe EU50: D1 <\/b> is retracing higher after hitting 28-month low in the end of December 2018, and has risen above the 200-day moving average MA(200). This is bullish.<\/p>\n