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German ZEW in focus this morning- EUR/USD just off session lows
At 10am GMT this morning the latest German ZEW Economic Sentiment index will be released. The markets are expecting a very modest improvement in the November reading, to 13.2 from 13.1 last month. Current conditions are also expected to improve slightly, to -85 from -86.9 previously. The latest German data elsewhere has shown some slight improvement, so perhaps this might surprise to the upside? At the same time that is by no means guaranteed. The Euro and the DAX might react to any major surprises this morning, no matter how fleeing that reaction might be. The EUR/USD has come a little closer to the noted 1.0601, 2024 low, but so far that has remained intact (1.0617 the low so far) . We shall see if it remains so after the data hits the screens a little later this morning. The EUR/USD is currently trading at 1.0628
Market News
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Important Addendum to the penultimate update on the DAX
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German ZEW index beats forecasts but not on current conditions- EUR/USD unmoved so far
The March reading of the German ZEW, economic sentiment index has now been released. As noted earlier, it was expected to show a marked improvement...
