At least the economic sentiment is improving in Europe
Skerdian Meta•Tuesday, June 21, 2016•1 min read
The German and the Eurozone ZEW economic sentiment indicator numbers for May were today released and they showed an improvement. I can´t explain what ZEW stands for but it´s some long and complicated German words, as they usually are. Anyway, the german ZEW indicator jumped to 19.2 from 6.4 in April which is a huge jump and the European ZEW indicator came out at 20.2 from 16.8 in the previous month. This indicator is a survey of the institutional investors and analysts who know the shape of the economy very well. This indicator is not a market mover but it shows the trend for the months to come and by the look of it, it looks like the Eurozone economy will pick up, which is a good thing.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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