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:
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