EUR/USD: German ZEW Economic Sentiment

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The European Common Currency traded sideways against the US Dollar, following the German ZEW Economic Sentiment data release on Tuesday at 9:00 GMT. The EUR/USD exchange currency rate lost 8 pips or 0.08% right after the release. The Euro continued trading at the 1.1185 level against the Greenback.

ZEW released the German ZEW Economic Sentiment data, which came out worse-than-expected of negative 21.5 compared with forecast negative 5.7. Note, that the Euro was also pressured by the speech of the ECB President Mario Draghi.

According to the official release: "The sharp drop in the ZEW Indicator of Economic Sentiment coincides with an increased uncertainty regarding the future development of the global economy and substantially worsened figures for the German economy at the beginning of the second quarter."


Historical Data: German ZEW Economic Sentiment
Date19.02.1919.03.1916.04.1914.05.1918.06.19
Actual-13.4-3.63.1-2.1-21.1
Forecast-15.0-11.00.95.1-5.7
Initial Reaction on Main Pairs
PairOpenCloseChange
EUR/CHF1.119011.11857-0.04%
EUR/GBP0.892930.89261-0.04%
EUR/JPY121.19400121.115-0.07%
EUR/USD1.119021.11834-0.06%
June 18, 2019 Open Positions
PairLongsShorts
EUR/CHF74.7%25.3%
EUR/GBP27.8%72.2%
EUR/JPY73.3%26.7%
EUR/USD26.9%73.2%
Economic Calendar for June 19, 2019
GMTCurrencyEventForecastPrevious
8:30GBPCPI y/y2.0%2.1%
12:30CADCPI m/m0.1%0.4%
18:00USDFederal Funds Rate<2.50%<2.50%

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