EUR/USD tests 1.1100 on German Jan ZEW Economic Sentiment big beat


  • German ZEW Economic Sentiment arrives at 26.7 in Jan. vs. 15.0 expected.
  • EUR/USD renews session highs and looks to regain the 1.11 handle.

The German ZEW headline numbers for January showed that the Economic Sentiment Index jumped to 26.7 versus 15.0 expectations and 10.7 last.

While the sub-index Current Conditions figure arrived at -9.5 in January versus -13.5 expected and -19.9 booked previously.

ZEW President Professor Achim Wambach noted: “The continued strong increase of the ZEW Indicator of Economic Sentiment is mainly due to the recent settlement of the trade dispute between the USA and China. This gives rise to the hope that the trade dispute’s negative effects on the German economy will be less pronounced than previously thought. In addition, the German economy developed slightly better than expected in the previous year. Although the outlook has improved, growth is still expected to remain below average.”

Meanwhile, the Eurozone ZEW economic sentiment for January stood at 25.6 in January vs. 5.5 expected and 11.2 last.

FX Implications

The shared currency received a fresh boost on upbeat German data release, with EUR/USD now renewing session highs at 1.1100.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD pressured as EZ ministers fail to reach a deal

EUR/USD is trading around 1.0850, down on the day. Eurozone finance ministers failed to reach a deal on a joint response to the coronavirus crisis. Disease-related headlines are eyed.

EUR/USD News

GBP/USD is hovering around 1.23 as updates on the PM are awaited

GBP/USD is trading around 1.23, stable. Updates on PM Johnson's condition are eyed amid fears of a partial power vacuum. Updates related to the disease are eyed.

GBP/USD News

Forex Today: Dollar bulls return with coronavirus concerns, eyes on Oil, FOMC minutes

The market mood remained cautious, as the worries over the coronavirus spread returned after the hotspots on both sides of the Atlantic reported a rise in the new cases. The US dollar extended the bounce while Oil prices also staged a solid comeback in Asia. 

Read more

WTI pierces $25 amid mixed clues, EIA data eyed

WTI holds onto recovery gains. The US catalysts seem to drive energy prices more than from the Middle East. API data escalated the inventory build, EIA might follow the footprints. Coronavirus crisis weighs on the market sentiment. 

Oil News

Gold regains $1,650 amid cautious trade sentiment

Gold defies the pullback from the monthly top. While Monday’s coronavirus (COVID-19) data suggested receding fears of the deadly disease, the latest figures keep the risk-off alive. The US FOMC minutes will decorate the economic calendar.

Gold News

Forex MAJORS

Cryptocurrencies

Signatures