The German ZEW is an indicator that Germany uses to assess the nations direction in the next six months. Experts are questioned concerning exchange rates, the direction of the nation, interest rates, and more.
December’s release jumped from an indication of -15.7 to +6.9. January’s figures also grew exponentially, rising from 6.9 to 31.5. February’s indication was expected to rise almost 4 more points to 35.3, but ended up surging to 48.2. This is a figure unseen since April of 2010.
The weaker-than-expected fourth quarter for the Euro seems to already be a thing of the past. “The financial market experts have made their peace with the weak fourth quarter of 2012. In their opinion the German economy faces less headwinds from the euro crisis than throughout the last months. If this situation remains unchanged during the next months, German business activity may pick up speed moderately”, says ZEW President Prof. Dr. Dr. h. c. mult. Wolfgang Franz. (ZEW)
It’s very possible to see a bullish Euro today in result of this news. It most definitely gives the Euro some more hope as we make our way through 2013. With the ZEW indicator being as revered as it is, and significantly rising three times in a row, this is no to be overlooked.
What do you see happening with the Euro? Do you have any Euro trade ideas? Plans to go long that were confirmed by this fundamental signal?
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