
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
In December, German economic sentiment suddenly dived because optimism as for the strength of the EU’s number one economy declines, as industry data revealed on Tuesday.
The ZEW Centre for Economic Research told that its index of German economic sentiment sank to 17.4 in December versus November’s outcome of 18.7. Market experts had hoped the index would soar to 18.0 in December.
As a matter of fact, a reading above 0.0 stands for optimism, while an outcome below 0.0 points to pessimism.
However, the Current Conditions Index rallied to 89.3 in December versus November’s result of 88.8. However, experts had anticipated 88.5.
Besides this in December the index of euro zone economic sentiment slumped to 29.0 versus 30.9 last month.
Following the report, the currency pair EUR/USD hit 17.83 from about 1.1784 prior to the publication. The currency pair EUR/GBP leapt to 0.8830 from 0.8820, while EUR/JPY showed 133.68 slightly gaining from 133.67 ahead of the publication.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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