Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Forex

ECB: Euro area’s negotiated wages rise 4.50% YoY in Q4 2023 vs. 4.70% in Q3

Source Fxstreet

The European Central Bank (ECB) published its indicator of the Euro area’s negotiated wages data for the final quarter of 2023 on Tuesday.

Data showed that the Euro area negotiated wages grew at an annual rate of 4.50% in Q4 2023, slowing from a 4.70% increase seen in the third quarter.

Market reaction to the EU negotiated wages data

The EUR/USD pair is keeping its upswing intact following the data release, adding 0.19% on the day.

About ECB indicator of negotiated wage growth

The ECB indicator of negotiated wage growth is computed for a subset of countries only. The euro area aggregate is based on nine countries: Germany, France, Italy, Spain, the Netherlands, Belgium, Finland, Austria and Portugal. The indicator relies on data for negotiated monthly earnings. The euro area indicator is based on a mixture of monthly and quarterly time series and is based on non-harmonised country data.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin No Longer Digital Gold? Gold and Silver Token Market Cap Hits Record $6 Billion The scaling of tokenized gold will cause Bitcoin to lose its status as digital gold, but this is not necessarily a bad thing.On Thursday (January 29), driven by a surge in gold ( XAUUSD)

Author TradingKey

11 hours ago

The scaling of tokenized gold will cause Bitcoin to lose its status as digital gold, but this is not necessarily a bad thing.On Thursday (January 29), driven by a surge in gold ( XAUUSD)

Bitcoin Traders Target $93.5K Liquidation Sweep Despite Fed Rate Pause Bitcoin's potential short liquidations highlight a $93,500 target, driven by over $4.5 billion in at-risk positions.

Author Mitrade

15 hours ago

Bitcoin's potential short liquidations highlight a $93,500 target, driven by over $4.5 billion in at-risk positions.

Dollar Slumps to Four-Year Low, Trump Still Says ‘Dollar Is Doing Great’?The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi

Author TradingKey

Yesterday 10: 09

The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi

Ethereum Is Already 20% Prepared for the Quantum Era, Says Interview Ethereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.

Author Mitrade

Yesterday 09: 12

Ethereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.

Top 3 Price Outlook: BTC Holds Above $89,000 as ETH Tests Resistance and XRP Stabilizes Near $1.90 BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.

Author Mitrade

Yesterday 06: 43

BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.

Popular Symbols