eToro – Forex Trading Forum

[BlueinGreen]

morning all,

Today we have some interesting news from Europe and U.S.

First its the German ZEW economic sentiment (Zentrum für Europäische Wirtschaftsforschung)
which is a measure for economic sentiment is the Eurozone.
This monthly indicator reflects the difference between the share of investors that are optimistic and the share of investors that are pessimistic. For example, if 30% of participants expect the economic situation to improve within the next six months, 30% expect no change and 40% expect the economic situation to deteriorate, the ZEW Indicator of Economic Sentiment would take a value of -10. Thus, a positive number means that the share of optimists outweighs the share of pessimists.

we already know how vulnerable the EUR is these days, a lower than expected number might push the EURUSD under 1.46 for now.

Later on we hove some important figures from U.S
be alert , and do not trade if you cant figure out the direction of the market or if the reports turn out to be mixed.


events in GMT

10:00am EUR German ZEW Economic Sentiment Forecast -62.0 Previous -63.9

1:30pm USD Building Permits Forecast 0.98M Previous 1.14M

1:30pm USD PPI m/m Forecast 0.6% Previous 1.8%

1:30pm USD Housing Starts Forecast 0.97M Previous 1.07M

3:00pm USD FOMC Member Fisher Speaks


Building Permits = Annualized number of new residential building permits issued during the previous month;

Happy Trading