EUR/USD: German ZEW Economic Sentiment

Source: Dukascopy Bank SA

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The Euro strengthened against the US Dollar, reflecting the unexpectedly upbeat ZEW sentiment report. The EUR/USD exchange rate added 12 base points to get back into the 1.2250 area.

Germany's investors showed the strongest confidence in eight months, representing an optimistic tone for the economy entering 2018. The Mannheim-based ZEW Institute report revealed on Tuesday that the German Economic Sentiment Index rose to 20.4 points in January, following 17.4 in the last month of 2017. The country's economy grew at the strongest pace since 2011 last year, supported by solid global trade and domestic spending. The Bundesbank stated that the momentum is set to continue, driven mainly by private consumption.

Historical Data Table:  German ZEW Economic Sentiment Economic Calendar for 24.01.2017
           
Date 19.09.2017  17.10.2017  14.11.2017 12.12.2017  23.01.2018  9:30 AM UK Average Earnings Index 3m/y
Actual 17.0 17.6 18.7 17.4 20.4 3:00 PM US Excisting Home Sales
Forecast 12.3 20.1 19.8 17.9 17.8 9:45 PM NZ CPI q/q
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
EUR/USD 1.22381 1.225 0.10% EUR/USD 29.21% 70.79%
EUR/GBP 0.8775 0.87799 0.06% EUR/GBP 26.00% 74.00%
EUR/CHF 1.17849 1.17871 0.02% EUR/CHF 25.48% 74.52%
EUR/JPY 135.434 135.543 0.08% EUR/JPY 31.85% 68.15%

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