Eurozone monthly inflations hit 0.3% versus -0.5% a month ago. EURUSD is rising. JPMorgan and Citibank expect the EURUSD to reach 1.00 in the middle term. Read the full report to learn more!
Big Event for EUR: ZEW Economic Sentiment
What will happen?
Euro Zone will reveal the ZEW Economic Sentiment index at 12:00 MT (GMT+2) on Tuesday, November 9. The indicator shows the view of investors and analysts on the 6-month economic outlook for the Eurozone. The survey is historically focused on the German economy as Germany tends to lead the Eurozone economy, so pay close attention to the German Economic Sentiment which is released at the same time.
Why is it important?
Last time, the EU ZEW Economic Sentiment came out worse than expected. As a result, EUR/USD dropped by 360 points after the release.
How to trade on ZEW Economic Sentiment?
It’s easy! Compare the actual data with the forecast in the economic calendar.
- If the indicator is greater than the forecasts, the EUR will rise.
- Alternatively, the EUR will drop.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY, and other pairs with the EUR.
Gold and oil prices jumped. Fundamental factors are more important than technical ones right now. Let's go through the most exciting news for the week.
International Monetary Fund increased global inflation growth forecast to 5.85% from 5.2% in 2024. Read the full report and learn how it may affect the EURUSD.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!