The German ZEW Economic statement was released early Tuesday morning. No need to be intimidated by the name, it is simply the indication of what investors and analysts think about Germany.
The economic sentiment increased by 5.7 points to the 42.00 point-mark. The historical average of the index is 23.7 points and this month’s investor sentiment is the highest Germany has seen since March 2013.
Economic analysts expected that the index would raise 4 points up to 40.3, instead 42.0 was reached. In spite of great news, the EUR is losing against the dollar for the third day in a row after touching the 1.3400.
Recent improved expectations for the euro zone have likely contributed to the positive ZEW report.
Until next time, for news updates and more fundamental analysis, you can follow the Winner’s Edge account. Follow Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!
For Nathan’s most recent Technical Analysis click here!
Latest posts by admin (see all)
- Money Management in Forex: More Than Just Trading - February 17, 2018
- Identifying Trends through Synchronization - February 17, 2018
- Using Multiple Trendlines to Identify Better Trades - February 15, 2018
Winner’s Edge Trading, as seen on: