Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Prior -12.4Economic confidence 98.3 vs 99.8 expectedPrior 99.4; revised to 99.3Industrial confidence -7.1 vs -6.1 expectedPrior -6.8Services confidence 5.0 vs 7.5 expectedPrior 7.2Slight delay in the release by the source. Euro area economic sentiment drops slightly in February, keeping below the long-term average score of 100 still. The recovery is dashed as employment expectations also declined on the month, with a drop in both industrial and services confidence as well.On the employment estimate, the decline (-0.7 to 98.5) was driven by weaker employment plans reported by managers in the services
and construction sectors, which were only marginally countered by a slight improvement reported in retail trade.Here’s the breakdown by sectorial performance in the region:The report here isn’t going to change much to the ECB outlook. As mentioned earlier in the session, the central bank remains sidelined at the moment with no material shifts to policy expectations still. Policymakers are waiting for a major change in the wind direction on either the economic performance or the inflation front. And so far, we’re not quite there yet.As things stand, markets are also not really expecting anything from the ECB. Traders are currently pricing in no rate changes whatsoever through the end of the year.
This article was written by Justin Low at investinglive.com.
đź’ˇ DMK Insight
Euro area economic sentiment just dipped below expectations, and here’s why that matters: With economic confidence falling to 98.3 against an expected 99.8, traders should brace for potential volatility in the Eurozone. This drop signals a weakening outlook, which could impact the euro’s strength against major currencies like the USD. The industrial confidence also missed the mark, coming in at -7.1 versus -6.1 expected, indicating that manufacturing sentiment is faltering. This could lead to a bearish trend for EUR/USD in the short term, especially if the euro fails to hold above key support levels. Look for the euro to test the 1.05 level, which has been a significant pivot point. If it breaks below, we might see a deeper retracement. On the flip side, while the services confidence remains relatively stable at 5.0, the overall sentiment suggests that traders should be cautious. The market might react negatively to these figures, especially if they lead to speculation about further monetary easing from the ECB. Keep an eye on upcoming economic releases and any shifts in central bank rhetoric, as these could provide additional trading signals.
đź“® Takeaway
Watch for EUR/USD to test the 1.05 support level; a break could signal deeper bearish momentum in response to falling economic confidence.
