According to analysts at Nomura, despite some more encouraging signs from June PMI surveys and from some of Germany’s hard data, they doubt the German ZEW index will retrace that much this month. Key Quotes “June’s press release for eurozone PMIs showed that companies’ optimism is still on a downward trend, mainly owing to rising uncertainty at the global level and generated by protectionist policies and political instability in Italy and Germany.” “We forecast a further, even if modest, decline in the ZEW survey expectations component specifically to -16.4 in July compared with -16.1 in June.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Technical Analysis: The recent recovery move already seems to have run out of steam FX Street 4 years According to analysts at Nomura, despite some more encouraging signs from June PMI surveys and from some of Germany's hard data, they doubt the German ZEW index will retrace that much this month. Key Quotes "June's press release for eurozone PMIs showed that companies' optimism is still on a downward trend, mainly owing to rising uncertainty at the global level and generated by protectionist policies and political instability in Italy and Germany." "We forecast a further, even if modest, decline in the ZEW survey expectations component specifically to -16.4 in July compared with -16.1 in June." 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.
