{"id":163146,"date":"2020-01-13T10:45:57","date_gmt":"2020-01-13T15:45:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163146"},"modified":"2020-01-13T05:16:29","modified_gmt":"2020-01-13T10:16:29","slug":"eu50-analysis-the-eurozone-economy-shows-the-first-signs-of-recession","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/eu50-analysis-the-eurozone-economy-shows-the-first-signs-of-recession\/","title":{"rendered":"EU50 Analysis: The Eurozone economy shows the first signs of recession"},"content":{"rendered":"
January 13, 2020<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

The Eurozone economy shows the first signs of recession<\/strong><\/p>\n

There is a decrease in industrial production in the Eurozone and Germany. Is the correction of the EU50<\/a> possible?<\/p>\n

The share of industrial companies in this index is 40%. The German Factory Orders indicator fell by 6.5% in November, and the German Industrial Production – by 2.6%. The pan-European Industrial Production indicator has been declining since February 2019. The EU Business Climate indicator fell to the minimum since August 2013. Meanwhile, the EU50 stock index has increased by almost 10% over the past 3 months. The reporting season of European companies begins on January 17, which may affect its dynamics.<\/p>\n

\"EU50\"<\/p>\n

On the daily timeframe, the EU50: D1<\/b> is in a rising channel. Before opening a position, its lower boundary should be breached down. In general, the increase slowed down and a number of technical analysis indicators formed sell signals. The correction is possible in case of the publication of negative earnings reports of European companies.<\/p>\n