Overview of the German ZEW Survey

Overview of the German ZEW Survey

ZEW will publish the 'German Economic Sensitivity Index and Current Status Index' in today's EU session, which will reflect the views of institutional investors for the next six months. In the report; The Economic Sensitivity Index increased from 60.0 to 63.4; The Current Status Sub-Index is expected to reach 83.1 from 65.0. While the US Dollar continues to be preferred due to the effects of Covid-19 on a global scale and the closure of California; German ZEW transitions are observed as a new driving commercial force due to the uptrend of EUR / USD's upstream initiatives to be limited around 1.1250. Shared currencies can be viewed as a new leg if German data outweigh the estimates, so the EUR / USD can hover above 1.1350. If there is a negative surprise; rates may drop below the 1.1300 level. In this case, investors will wait to be able to set a new direction for US CPI data. The response to German data will likely be limited. EUR / USD continues to be traded at 1.1336 level.

Important notes:

EUR / GBP climbs to a one-week peak in the mid-0.9000s. EUR / USD targets the highest level in June and July, ie 1.1374 / 1.1422 - Commerzbank

About German ZEW

In the article published by Zentrum für Europäische Wirtschaftsforschung (ZEW); The difference between the share of optimistic investors and the share of pessimistic analysts is reflected. Generally; the optimistic view is considered positive (or bullish) for the EUR; the pessimistic view is considered negative (or decline).