Crypto Alert: Altcoins have seen a significant surge, with a 28% increase in the last month, presenting an opportunity for traders to unlock gains and start trading. The European economic news preview for the day includes the release of consumer confidence survey results from Germany and France.
Germany’s market research group GfK is set to release the consumer confidence survey results at 2.00 am ET. The forward-looking sentiment index is expected to improve to -29.0 in March from -29.7 in the previous month. Additionally, household lending data is due from Sweden.
Following this, France’s statistical office INSEE will publish consumer sentiment survey data at 2.45 am ET. Economists anticipate the consumer sentiment index to rise to 92 in February from 91 in January. At 4.00 am ET, the European Central Bank is scheduled to publish monetary aggregates for January, with M3 forecasted to grow 0.3 percent on year.
Later in the day, at 8.00 am ET, Hungary’s central bank is expected to announce its monetary policy decision, with a projected 100 basis points cut in its key interest rate to 9.00 percent.
Traders can stay updated on the top economic events by following FX Leaders’ economic calendar and access free forex signals to enhance their trading strategies. FX Leaders is a comprehensive information platform for forex, commodities, indices, and cryptocurrency traders, offering free trading signals, daily market insights, educational resources, and more to support traders in their pursuit of success.
