This post was originally published on this site. France October business confidence 97 vs 96 expected Prior 96 France October industrial confidence 105 Prior 101 France October services confidence 99 Prior 98 The overall business climate picked up slightly in October but remains below the long-term average estimate of 100 for yet another month. For some context, the last time the business confidence index met the key level was all the way back in June 2024. While there are improvements in confidence levels for both the manufacturing and services sectors, the report is not all sunshine and rainbows. Retail trade...

This post was originally published on this site.If you look at EUR/USD this week, it may be easy to think that the euro is holding up and brushing aside the warning signals from the bond market. But in taking a step back, you might find that perhaps EUR/USD is not giving markets the full picture of the risks surrounding the euro at the moment. The currency pair is holding up decently this week, trading around 1.1240 levels today after bouncing off support near 1.1200 on Monday. However, I wouldn’t want to mistake that resilience for a sign that traders are becoming more...