The eurozone’s poor macroeconomic stats intensified the negative sentiments. In particular, Asian-Pacific markets showed some negative dynamics this morning.
The eurozone’s manufacturing PMI declined by 1.8 points down to 45.9 in April 2012. The data came out worse than expected.
The eurozone’s rate of unemployment increased by 0.1% (m/m) up to a new record – 10.9%.
Forex.
According to , EURUSD is forming a small-scale retracement wave, which may turn into either wave B or wave 4 inside the current bearish pattern.
