EUR/USD (a 4-hour chart)
The US labor market data published on Monday by the private research group the Conference Board, did show a slowdown in an employment growth. It contrasts slightly with the official data. ETI grew in January to 116.61 from the revised upwards the December values 115.62. In annual terms the index increased in January by 6.0%.
Euro insignificantly strengthened amid the investor confidence growing in the Euro zone. According to the research center Sentix the index unexpectedly grew in February by 1.4 p. to 13.3 p. whereas the reduction was expected. The index continues to be at the highest levels since April 2011. The improvement was mainly due to the growth in assessing the current situation in February. The sub-index of the current situation was positive for the first time since August 2011.
At the same time the industry production in Italy and France were worse than expected. Italian industrial production unexpectedly sharply fell in December after three months of growth by 0.9% compared to November. Industrial production in France in December also fell more than it was expected – by 0.3% m/m, while the changes were not expected. Especially sharply fell refining oil volumes and the car production. Data for Germany also showed a decrease in industrial production by 0.6% m/m last Friday.