Germany is on track for firm surge
In September, business morale stood still in Germany, underpinned by construction and consumer spending, as a poll revealed…
In September German ZEW economic sentiment rises more than expected
In September, German economic sentiment went up much more than expected spurring optimism as for the cornerstone of the euro zone economy, as industry data disclosed on Tuesday.
The ZEW Centre for Economic Research informed that its index of German economic sentiment went up to 17.0 in September from August’s outcome of 10.0. Financial experts had expected the index to tack on to 12.5 in September.
By the way, on the index, an outcome above 0.0 stands for optimism, while a level below 0.0 drops a hint at pessimism.
This month the Current Conditions Index suddenly leapt to 87.9 from 86.7 in August versus expectations for a moderate dip to 86.6.
In September, the index of euro zone economic sentiment inched up to 31.7 from 29.3 last month.
After the report, the currency pair EUR/USD showed 1.1985 versus the previous outcome of 1.1981 ahead of the publication of the data. As for EUR/GBP, it leapt 0.8889 from 0.8884.
.
Similar
Daily news: Crude oil prices keep rising
The main focus for EUR/USD today will be on the ECB president Mario Draghi speech at 4 pm MT time…
American business activity declines to 17-month minimum
In September, American private sector activity speeded down to a 17-month minimum, as follows from Friday’s survey data…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
