Market Updates: German ZEW Economic Sentiment Jumps Surprisingly
The single currency euro remained mostly unchanged on release. It continues to trade above $1.1295 support. Here's why...
Arslan Butt•Tuesday, February 19, 2019•1 min read
Recalling FX Leaders Morning Bref, Feb 19, ZEW was supposed to release Economic sentiment figures. It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their jobs, and changes in their sentiment can be an early signal of future economic activity.
About 300 German institutional investors and analysts go through a survey and rate the relative 6-month economic outlook for Germany and Eurozone. Here are the results:
- German ZEW Economic Sentiment – Surged to -13.4 vs. -15.0.
- ZEW Economic Sentiment – Jumped to -16.6 vs. -20.9
The single currency Euro remained mostly unchanged on the release of this data. It continues to trade above $1.1295 support. The bearish breakout can lead it towards $1.12500.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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