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EUR/USD: Trading the German ZEW Economic Sentiment Index

| July 16, 2012 | 0 Comments

The In german ZEW Financial Feeling Catalog is depending on a monthly study of institutional traders and experts and their opinions of the In german marketplace. A studying that is greater than the industry forecast is favorable for the dollar.

Here are all the details, and 5 possible results for EUR/USD.

Published on Wednesday at 9:00 GMT.

Indicator Background

The In german ZEW Financial Feeling internet surveys specialists for their evaluation of the direction of monetary climate in the next six months, depending on economic data such as blowing up, forex rates and the currency markets. This makes the index an important signal of the medium-term future of the In german marketplace.

The signal had a very poor displaying in May, producing a studying of -16.9 factors. The industry forecast for the September studying is not much better, with a forecast of -14.5 factors. Another poor studying would be a strong sign of deeply negativity about the In german marketplace, which does not bode well for the Euro-zone.

Sentiments and levels

Despite the excitement at the EU Peak and the Eurogroup conference which followed, there was very little progress made in reducing the debt disaster grasping the Euro-zone. The country is walking the same dead end path of severe austerity, and Tuscany may also need some help soon. Both these large countries have been suffering from not sustainable high makes for too long. After the recent interest amount cut and reduction of the down payment amount by the ECB, money carries on streaming out of European countries. A host of poor In german economic produces has not assisted the situation. So, the overall sentiment is bearish on EUR/USD towards this launch.

Technical stages, from top to bottom: 1.24, 1.2360, 1.2330, 1.2288, 1.22 and 1.2150.

5 Circumstances
Within expectations: -18.0 to -10.0: In such a case, the Euro is likely to rise within range, with a small chance of breaking greater.
Above expectations: -9.9 to -2.0: An surprising greater studying can deliver EUR/USD well above one stage of resistance range.
Well above expectations: Above -2.0: A studying close to the zero stage would indicate enhancing confidence in the In german marketplace. A second stage of resistance range might be damaged on such an result.
Below expectations: -18.1 to -23.0: A crisper reduce than forecast could deliver the pair below one assistance stage.
Well below expectations: Below -23.0: A studying deeply in negative area could shake the markets, and EUR/USD could break two or more assistance stages.

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asr%20forexmt4systems%20533 EUR/USD: Trading the German ZEW Economic Sentiment Index

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Category: FOREX, OPINIONS

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