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At least the economic sentiment is improving in Europe

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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