“A disappointing start to the eurozone surveys for this month as consumer confidence drops to -0.5, the lowest reading since October last year. The end to negative surprises for eurozone data has yet to happen,” ING analysts note. Key quotes “The highs from early this year are rapidly fading from memory as eurozone consumers are getting increasingly downbeat. While still well above the long-term average, confidence is fading as uncertainty about the economic situation persists. This is happening against a backdrop of significant job growth and declining unemployment, a pickup in wages and continued economic growth. Higher inflation on the back of increased petrol prices is dampening growth in real wages though.” “Euro-risk faded as the new Italian government was sworn in, but other factors causing uncertainty have increased. The possible escalation of a trade war is a step closer, with US tariffs on steel and aluminium in place since 1 June and retaliatory measures in place from tomorrow onwards. It seems that the more significant response to the trade war in terms of confidence has been from businesses rather than consumers, meaning that tomorrow’s PMIs could show an even more negative response.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Technical Analysis: ETH/USD heading back down south, eyes will be on to see if ascending trend line can prevent another large drop FX Street 5 years "A disappointing start to the eurozone surveys for this month as consumer confidence drops to -0.5, the lowest reading since October last year. The end to negative surprises for eurozone data has yet to happen," ING analysts note. Key quotes "The highs from early this year are rapidly fading from memory as eurozone consumers are getting increasingly downbeat. While still well above the long-term average, confidence is fading as uncertainty about the economic situation persists. This is happening against a backdrop of significant job growth and declining unemployment, a pickup in wages and continued economic growth. Higher inflation on the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.