Home German ZEW Economic Sentiment 29.7 points, within expectations
Forex News Today: Daily Trading News

German ZEW Economic Sentiment 29.7 points, within expectations

German economic sentiment continues sliding, but  doesn’t crash: 29.7 points in July. Current conditions actually rose to 63.9 points. Euro-zone industrial output fell short with a fall of 0.4% m/m and a rise of only 1.6% y/y.

EUR/USD ticks down, but the focus  remains on Athens.

The  German ZEW Economic Sentiment was expected to drop to 29 points in July    from 31.5 in June. The Current Conditions component was predicted to slip from 62.9 to 60 points. The all-European figure carried expectations for a slide from 53.7 to 51.1 points.

EUR/USD was trading around 1.1030 towards the publication, moving on news about trouble in implementing the Greek deal.  Resistance is at 1.1050 and 1.0915 serves as support.

Industrial output was predicted to rise by 0.2% in May after 0.1% in April.

Greek crisis – all the updates

In our latest podcast we clarify Greece and also China, oil, AUD and more:

Follow us on Stitcher.



Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.