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German ZEW Economic Sentiment stands at 0.5 – slightly

German business sentiment is  roughly balanced. While the figure returned to positive ground, it is only just. At 0.5 points, it is below expectations. The all euro-zone figure is up to 4.6 points, and that is better than expected. Separately, the eurozone’s trade balance has been reported at 23.4 billion, basically within expectations. It is a  number for June. The current conditions component beat with 57.6 points, better than expected as well. So, despite a miss on the headline, the other figures are actually OK.

EUR/USD remains stable just under 1.1260. Earlier, EUR/USD made a surge to the highest since June 24th, the  day after the Brexit vote.

Germany’s ZEW Economic Sentiment was expected to bounce back to positive territory in August, moving up from -6.8 points in July to +1.8 now. The fall to the negative ground was related to Brexit. This survey is  released early in the month and provides a useful insight on the economy. However, the IFO  number is a wider study and carries more weight.

EUR/USD was around 1.1260

EURUSD August 16 ticking lower on 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.