Retail side bullish sentiment since August 30th 2018. TA standpoint, we are very close to oversold condition. Such scenario most probably hedge funds (Bear) will start taking profit from this point (oversold condition they will not deploy more capital unless PA come to reasonable price) however in near future poor fundamental surprise could overreaction to the downside.
Consumer Price Index CPI In the Euro Area increased to 103.31 Index Points in April from 103.01 Index Points in March of 2018. Consumer Price Index CPI in the Euro Area averaged 87.55 Index Points from 1996 until 2018, reaching an all time high of 103.31 Index Points in April of 2018 and a record low of 70.52 Index Points in January of 1996.
PMI was revised higher to 56.2 in April of 2018 from an initial estimate of 56. Still, it fell from 56.6 in March, pointing to the slowest growth in factory activity in 13 months.
April Inflation Rate Confirmed at 1.2%
Euro Area recorded a government debt equivalent to 86.70 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in the Euro Area averaged 76.22 percent from 1995 until 2017, reaching an all time high of 91.90 percent in 2014 and a record low of 64.90 percent in 2007.
Euro Stoxx 50 increased 15 points or 0.41% to 3587 on Tuesday May 22 from 3573 in the previous trading session. Historically, the EURO STOXX 50 Stock Market Index reached an all time high of 4557.57 in July of 2007 and a record low of 1809.98 in March of 2009.