Important Economic Event: #Germany’s ZEW Survey – Economic Sentiment - 10:00 GMT, 20th January 2015 The #Euro ended the week by posting new structural lows against the #USD as traders continue to add to their #EUR short positions. Nevertheless to start the week the Euro has found buyers as it has rallied over 150 points from its lows of 1.1459. The #German ZEW survey for #Economic #Sentiment measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. The #ZEW survey is a leading indicator of economic health – investors and analysts are high informed by virtue of their job, therefore changes in their sentiment can be an early sign of future economic activity. The consensus is for quite a significant increase in economic sentiment from 34.9 previously to 40.0 which would indicate optimism from investors and analysts. Overall, an optimistic view is considered as bullish for the EUR, whereas a pessimistic view is considered as bearish. Key assets to watch: EUR / #USD, EUR / #JPY, EUR / #GBP, #DAX Stay tuned for more market updates with #CWMFX, Official Online FX Trading Partner of Chelsea Football Club. Visit us at cwmfx to #trade #Forex and #CFDs safely, any time, anywhere.
Posted on: Tue, 20 Jan 2015 09:00:01 +0000
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