ZEW disappointed in the headline but surprised in the current situation component. The headline Economic Sentiment figure dropped to 43.2 points while the Current Situation actually improved to 59.5 points. The important German ZEW Economic Sentiment Index for April was expected to remain at similar levels to last month’s 46.6 points. The “Current Situation” sub component was predicted to remain around 51.3 points. The all European figure was expected to tick down from 61.5 points and it did: to 61.2 points. The German figure is of higher importance. EUR/USD was pressured towards the release, trading just under 1.38. It immediately fell to new lows of 1.3789, but recovered back to the round number of 1.38. It seems unable to retake previous levels, but the numbers are not too bad to trigger an extension of the fall. The positive number reflects expectations for improving economic conditions. The euro continues suffering from the strong comments by Draghi, that warned about further stimulus on further euro strength. The euro-zone trade balance came out at 13.9 billion for February, within expectations. EUR/USD has support at 1.3740 and resistance awaits at 1.3830. For more, see the euro dollar forecast. 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 EURAUD Risk Of A Larger Breakdown As Key Support Looms Aayush Jindal 8 years ZEW disappointed in the headline but surprised in the current situation component. The headline Economic Sentiment figure dropped to 43.2 points while the Current Situation actually improved to 59.5 points. The important German ZEW Economic Sentiment Index for April was expected to remain at similar levels to last month's 46.6 points. The "Current Situation" sub component was predicted to remain around 51.3 points. The all European figure was expected to tick down from 61.5 points and it did: to 61.2 points. The German figure is of higher importance. EUR/USD was pressured towards the release, trading just under 1.38. It immediately… Regulated 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.
