Home German ZEW misses with 6.4, current conditions higher
Forex News Today: Daily Trading News

German ZEW misses with 6.4, current conditions higher

German ZEW Economic Sentiment comes out at 6.4 points, well below 12 points expected. On the other hand, the  Current Conditions  components missed with 53.1 points, above 48.9 predicted.  

EUR/USD is not going anywhere fast,  consolidating its earlier slide.

The German ZEW  Economic Sentiment was expected to tick up to 12 points in May, from 11.2 in April. The Current Conditions component carried expectations for a rise from 47.7 to 48.9 points.

EUR/USD was sliding towards the publication, trading around 1.1170 before the release. This is mostly the result of the stronger dollar.

Later today, euro-zone finance ministers will convene to discuss the Greek situation. The biggest sticking point  is as always Greece’s debt. The IMF and Germany are at loggerheads: the IMF wants unconditional and upfront debt release as a condition for its participation. Germany rejects debt relief but wants the IMF inside.

More:  Eurogroup likely to defer decision instead of deferring Greece’s debt

EURUSD May 24 2016 German ZEW

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.