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.
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).
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