EUR: ZEW confirms poor trade deal reception – ING
|The ZEW surveys published yesterday confirmed the poor reception of the US-EU trade deal in the EU. The 'expectations' gauge in Germany is back to 35, in the eurozone to 25, both the lowest since May, ING's FX analyst Francesco Pesole notes.
EUR/USD’s bullish case is stronger after US inflation report
"However, markets aren’t giving the surveys too much weight, and pricing for the ECB December meeting has crept closer to -10bp from -15bp last week. We continue to see this pricing as too conservative and a potential vulnerability for the euro moving on. But that is unlikely to play out over the next couple of weeks and should be overshadowed by the Fed story."
"EUR/USD’s bullish case is stronger after yesterday’s US inflation report. However, a break above might be delayed until after the Trump-Putin meeting on Friday."
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