The German ZEW Economic Sentiment disappointed with a drop to 46.6 points. The current situation component is at 51.3 points and the all-European figure dropped to 61.5 points. The headline figure was expected to drop for another month, to 52.8 in March from 55.7 in February. The Current Situation component carried expectations for a rise from 50 to 52 points. The all-European ZEW survey was also forecast to drop from 68.5 to 67.3 points. It is important to note that all these figures, which are above 0, represent improving conditions. EUR/USD edged lower before the publication, getting closer to 1.39. The pair was already close to 1.3950 during this week. The pair is now under 1.39. 1.3895 serves as support, followed by 1.3832. Resistance appears at 1.3950, followed by the round number of 1.40. For more levels, analysis and lines, see the euro dollar forecast. At the same time, the euro-zone released the trade balance figure for January, which was expected to show a surprlus of 13.9 billion after 13.7 billion in December (before revisions). This also fell short of expectations with a surprise drop to only 0.9 billion in the non-seasonably adjusted number. This is how the drop looks in the chart: Earlier, the German Wholesale Price Index dropped by 0.1%, worse than a rise of 0.2% predicted. Tension is building in the markets towards Yellen’s first decision as Fed Chair. Here are 6 reasons for Taper 3. 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/USD March 18 – Stable As German, Eurozone Economic Kenny Fisher 8 years The German ZEW Economic Sentiment disappointed with a drop to 46.6 points. The current situation component is at 51.3 points and the all-European figure dropped to 61.5 points. The headline figure was expected to drop for another month, to 52.8 in March from 55.7 in February. The Current Situation component carried expectations for a rise from 50 to 52 points. The all-European ZEW survey was also forecast to drop from 68.5 to 67.3 points. It is important to note that all these figures, which are above 0, represent improving conditions. EUR/USD edged lower before the publication, getting closer to 1.39.… 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.
