News

Germany May ZEW survey current situation 8.2 vs 6.3 expected

Latest data released by ZEW – 14 May 2019

  • Prior 5.5
  • Expectations -2.1 vs 5.0 expected
  • Prior 3.1
  • Eurozone expectations -1.6
  • Prior 4.5

ForexLive

Slight delay in the release by the source. Despite a rise in the assessment for current conditions, the outlook dipping back into negative territory signals that there is still much to be worried about. ZEW notes that the most recent escalation in US-China trade tensions has increased uncertainty regarding German exports again.

That and likely US auto tariffs to come will continue to heap pressure on the German economy and its outlook in the coming months. EUR/USD continues to hold steady around 1.1238 currently while EUR/GBP sits higher at 0.8683 on the day.

Articles You May Like

A Simple Forex Trading Strategy ANYONE Can Do Without A Lot of Technical Analysis!
Moving average crossover with stochastic oscillator forex trading strategies
How to Draw Forex Support and Resistance: Forex Trading Strategies 👍
My Naked Forex Scalping 2019
QUANTO TEMPO LEVA PRA TER RESULTADO?

Leave a Reply

Your email address will not be published. Required fields are marked *