EUR/USD extends rally, presently at 1.3350.
- Good chance that US will solve fiscal problems, good news for indicator
- This should be turning point regarding the crisis, there should be slow upward move in German economic growth
- Probability has increased that worst is over
- Progress in solving fiscal problems in southern euro zone should be the main reason for increase this month
- Jump in sentiment is very positive surprise, but also reflects normalisation
- Majority of respondents still believe that economy will not change, only minority see improvement
- If some banks give back LTRO money, this could be sign that crisis is not worsening
