Good news from Germany: the ZEW economic sentiment jumps much more than expected to 34.9 points, significantly better than 20.1 predicted. The Current Situation also surprised with 10 points and only the all-European figure fell short with 10 instead of 20.1 points. In addition, euro-zone trade balance came out at 18.2 billion, slightly better than predicted. EUR/USD extends its gains to 1.2525. Update: the move higher, that began before the publication, do not hold and the pair is below 1.25 once again. The German ZEW Economic Sentiment was expected to continue rebounding for a second month in a row, climbing to 19.8 points from 11.5 seen in November. The current situation component carried expectations for rising from 3.3 to 5 points. The all-European indicator was predicted to rise from 11 to 20.1 points. EUR/USD traded on high ground above 1.25, at 1.2511. Here is the preview: EUR/USD: Trading The German ZEW Economic Sentiment Earlier in the day, Markit released its PMIs. They were mixed on many accounts, but eventually the better than expected German manufacturing PMI had the upper hand on other numbers from the continent and this pushed EUR/USD higher. It is quite a busy day and we have more data ahead. For more, see the EURUSD forecast. 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/JPY: Bearish, Extends Sell Off FX Tech Strategy 7 years Good news from Germany: the ZEW economic sentiment jumps much more than expected to 34.9 points, significantly better than 20.1 predicted. The Current Situation also surprised with 10 points and only the all-European figure fell short with 10 instead of 20.1 points. In addition, euro-zone trade balance came out at 18.2 billion, slightly better than predicted. EUR/USD extends its gains to 1.2525. Update: the move higher, that began before the publication, do not hold and the pair is below 1.25 once again. The German ZEW Economic Sentiment was expected to continue rebounding for a second month in a row, climbing… 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.
