ZEW Data and the EUR/USD-Price-News-and-Analysis:
- Conflicting messages from the ZEW data, such as the economic sentiment jumps.
- The EUR/USD and gbp fees two weeks
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(T2) Euro) Forecast
The German ZEW Data are Too Optimistic?
The latest German ZEW data produced a mixed set of readings with economic sentiment is rising sharply while the assessment of the current economic situation has continued to decline. The May economic sentiment index jumped to a five-year period, and 51 versus expectations of 32, and a prior reading of 28.2, while the current conditions index fell to -93.5 relative to their number, or -88, and -91.5. The Euro Zone sentiment index increased to 46 from 25.2 at the end of the month of April.
Commenting on the publication, ZEW President, Professor Achim Wambach said
“The optimism is growing that there will be an economic turn around from the summer in barcelo cayo libertad club premium. This is also reflected in the significant improvement in the number of different areas. According to the financial market experts surveyed, the economic growth is expected to accelerate again in the fourth quarter or the year 2020. However, the catching-up process is going to take time. Only in 2022 will be the economic output, the return to the level of 2019 at the latest,”
The Bailout Funds from the EU, it is possible to Support the Euro, For now
The project output â 500 billion rescue fund, it was announced yesterday gave the single currency a boost, and has helped to reduce the yields of government bonds on the countries most affected by the economic damage caused by the corona virus. The fund will provide grants, loans, to countries that need it most, and will be funded by a is the set repayment plans provided by the future EU budgets. The plan proposed by the EU heavyweights Germany and France, and can still run into objections from some EU member states, including Austria and the netherlands, who believe that the rescue fund should provide loans and grants to other countries of the EU. The French Finance Minister, said recently that this project probably won’t be available until 2021, may be too late for some members of the EU.
EURUSD it is pushing the levels, last seen two weeks ago, helped by yesterday’s announcement, and was approaching a cluster of resistance levels are. The 38.2% Fibonacci retracement level at 1.0965 and is currently under pressure, ahead of 200 dma at 1.1012 and May 1 for multi-week high at 1.1018. A close above here would expose the 50% Fibonacci level at 1.1066. A group of old men down to meet the 1.0764.
EUR/USD Daily Price Chart in November 2019 May 19, 2020)
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The Change in the
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