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German ZEW Economic Sentiment slightly misses – EUR/USD stable

German ZEW economic sentiment  rises from 10.4 to 12.8 points. This is a bit under 13.1 expected. Current Conditions follow the same pattern: a small rise from 76.4 to 77.3 points, below 78 expected.

Industrial output misses expectations with a rise of 0.9% against 1.3% expected, but this is accompanied by an upwards revision. Year over year, output is up 0.6%.

EUR/USD  is marginally lower within recent ranges, trading around 1.0637. The pair tried to move to higher ground after the ECB’s slight hawkish tilt. However, it was only a slight one, meaning  it could not rally too much.

In addition, we are now awaiting the Dutch elections as well as the Fed decision.

See the Dutch elections preview.

Here is how it looks on the chart:

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.