What is the timing of the German ZEW Survey and how might it impact EUR/USD?
In November, Germany’s ZEW Economic Sentiment index unexpectedly fell to 38.5. Economists had predicted an improvement to 40.0, up from October’s 39.3. Regarding the current situation, it did see a slight increase from -80 in October to -78.7, although it didn’t meet the anticipated -77.5. For the euro area, the ZEW Economic Sentiment for November […]
What is the timing of the German ZEW survey and what impact could it have on EUR/USD?
In October, the German ZEW business confidence index rose to 39.3, increasing from 37.3 in September, although it fell short of market expectations, which were set at 40.5. Meanwhile, the current situation index worsened, dropping from -76.4 to -80. This was contrary to forecasts that anticipated a figure of -75. Market Reaction The euro against […]
EUR/USD remains steady above 1.1550 before the release of German ZEW Survey data
EUR/USD Slightly Rises Amid Varied Economic Indicators EUR/USD edged up a bit after a decline of nearly 0.5% in the previous session, hovering around 1.1570 during Asian trading hours on Tuesday. The pair is poised to benefit from the upcoming release of September’s Harmonized Consumer Price Index (HICP) and Germany’s ZEW survey data. Recently, the […]
EUR/CAD Price Prediction: Fluctuates above 1.6000 before Eurozone ZEW Survey results
The EUR/CAD is hovering around 1.6020 as the Eurozone prepares to release its ZEW survey – economic sentiment data for August. Concerns regarding the Canadian labor market are prompting speculations about possible interest rate cuts by the Bank of Canada (BOC). Despite this, the EUR/CAD pair is generally on an upward trend, supported by the […]