ZEW German economic sentiment index for January 31.5

Way stronger than Reuters’ median forecast of 12.0. Up huge from Decembers’ 6.9. Highest read since May 2010.

EUR/USD extends recovery, presently back at 1.3325.

ZEW says:

  • Economic perspectives for Germany have brightened up on 6 month horizon
  • Positive sentiment may soon result in companies investing
  • Economic situation of important German trade partners still considered to be weak
  • German economy expected to grow at moderate level this year
  • Some 80% of respondents expect no change in ECB policy rates in next 6 months

 

3 Comments

  1. So was this entire move manipulated ? Rumour goes out on German bank, the Buba resignation etc. but the real news is the huge bounce in ZEW (which someone knew) and voilà…. massive sell off, opportunity to buy Euro….

  2. Now you’re catching on. Presently we are just about back to ground zero where we started near 8:40 gmt.

  3. by the end of this month euro/usd may sit down at 1.350, look at the monthly chat it was bullish sin August 2012.

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