Alex Bobrov
Photo: Germany Is Tired Of Pulling Eurozone Out of Crisis
The German economy is still getting some stimuli due to export orders. The country’s domestic market is not as poor as in other eurozone economies.
Germany is the only eurozone economy where the manufacturing and services PMIs are still above 50.0.
However, in late 2012, the German economy shrank by 0.6%.
February’s PMIs in other eurozone economies are down from 48.6 to 47.3 despite the fact that analysts were bullish on those indices. The indices have been below 50 for the 2nd consecutive year. This indicates a decline in economic activity.
Generally speaking, the EU and the eurozone have been suffering from a double-dip recession since late 2012. Experts anticipate a further economic decline in Europe this year.
Forex.
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD. At this point, the price is consolidating within wave B, which may take the most part of today’s trading sessions.
Alex von Stachelkopf, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
Alex Bobrov
