When are German ZEW surveys and how could they affect EUR/USD?

German ZEW surveys Overview

The ZEW will release its Economic Sentiment Index for the next six months for Germany, as well as the Current Situation Index at 0900GMT in the EU session later today, reflecting institutional investors’ opinions.

The headline economic sentiment index is seen edging slightly lower to 18.0 in July after an 18.6 reading registered in June. While the current situation sub-index is expected to remain at 88, same as that seen previously.

How could affect EUR/USD?

A better ZEW survey may offer fresh impetus to the EUR bulls, sending the EUR/USD pair back towards 1.1550 levels. However, if the readings disappoint, the rate could extend the corrective slide below 1.15 handle.

Key notes

Forex Today: USD sold on Trumpcare rejection, RBA boosts Aussie; UK CPI, ZEW eyed

German ZEW to post another modest decline in July – Danske Bank

About German ZEW Surveys

The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

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 securities. 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 Forex 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.