Quite a turnaround in German business sentiment: optimism seems to to back with the ZEW Economic Sentiment leaps up to 11.5 points. This is far better than expected and back to positive ground. The Current Situation figure is up 3.3 points, and the all-European number is up to 11 points, both better than expected. EUR/USD is climbing up nicely to 1.2530, extending the move above 1.25 that began before the publication. EUR/GBP is at a new high as well. The accompanying comments are also positive: the German economy is stabilizing despite being fragile. Ongoing geopolitical tensions affect Germany. A positive score reflects optimism while a negative one reflects pessimism. The bounce back up is the first one this year. We have seen monthly declines since the beginning of the year. The German ZEW Economic Sentiment was expected to score +0.9 points in November, up from the negative score for October: -3.6 which was the first pessimistic read in a long time. The current situation component was expected to slide from 3.2 to 1.8 points. EUR/USD was flirting with 1.25 just before the publication, off from the lows. Here is the preview: trading the ZEW number with EUR/USD. 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Abe knocks USD/JPY from 117- just some stop hunting? Yohay Elam 7 years Quite a turnaround in German business sentiment: optimism seems to to back with the ZEW Economic Sentiment leaps up to 11.5 points. This is far better than expected and back to positive ground. The Current Situation figure is up 3.3 points, and the all-European number is up to 11 points, both better than expected. EUR/USD is climbing up nicely to 1.2530, extending the move above 1.25 that began before the publication. EUR/GBP is at a new high as well. The accompanying comments are also positive: the German economy is stabilizing despite being fragile. Ongoing geopolitical tensions affect Germany. A positive… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
