German ZEW Economic Sentiment Index slides to -14 in April vs. +9.3 expected
Source Fxstreet
- Germany’s ZEW Economic Sentiment Index tumbled to -14 in April.
- EUR/USD holds losses near 1.1350 after German and Eurozone ZEW surveys.
The headline German ZEW Economic Sentiment Index declined sharply to -14 in April from 51.6 in March, missing the market estimate of 9.3 by a wide margin.
The Current Situation Index improved to -81.2 in the same period, as against the March reading of -87.6. Data beat the expected -86 figure.
The Eurozone ZEW Economic Sentiment Index dropped to -18.5 in April from 39.8 in March. The market consensus was 14.2.
Key points
- Erratic changes in the us trade policy are weighing heavily on expectations in Germany.
- Not only the consequences the announced reciprocal tariffs may have on global trade, but also the dynamics of their changes, that have massively increased global uncertainty.
- Economic expectations for Germany and the eurozone reflect this development.
Market reaction
The EUR/USD pair remains in the red after the mixed German and Eurozone ZEW surveys. The pair is losing 0.07% on the day to trade near 1.0950, as of writing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold price (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the record high and trades comfortably above the $3,200 mark during the Asian session on Tuesday.
Ripple Price Prediction: Exchange inflows surge as XRP slides, what comes next?Ripple (XRP) corrected along with other major digital assets, including Bitcoin (BTC) and Ethereum (ETH), and traded at $2.08 at the time of writing on Wednesday. The drawdown cut across the crypto market, causing the total capitalization to drop 3.2% to $2.736 trillion.
Ripple (XRP) corrected along with other major digital assets, including Bitcoin (BTC) and Ethereum (ETH), and traded at $2.08 at the time of writing on Wednesday. The drawdown cut across the crypto market, causing the total capitalization to drop 3.2% to $2.736 trillion.
Gold price buying remains unabated; fresh all-time high and counting amid trade jittersGold price (XAU/USD) scales higher for the second straight day on Wednesday – also marking the fifth day of a positive move in the previous six – and touches a fresh record high, around the $3,283-3,284 area during the Asian session.
Gold price (XAU/USD) scales higher for the second straight day on Wednesday – also marking the fifth day of a positive move in the previous six – and touches a fresh record high, around the $3,283-3,284 area during the Asian session.
EUR/USD is trading around 1.1340 during the Asian hours on Wednesday, rebounding after two consecutive sessions of losses.
AUD/JPY keeps the red below mid-90.00s after mostly upbeat Chinese macro dataThe AUD/JPY cross drifts lower during the Asian session on Wednesday and moves away from over a one-week high, around the 91.40 region touched the previous day. Spot prices stick to negative bias below the mid-90.00s and move little in reaction to mostly upbeat Chinese macro releases.
The AUD/JPY cross drifts lower during the Asian session on Wednesday and moves away from over a one-week high, around the 91.40 region touched the previous day. Spot prices stick to negative bias below the mid-90.00s and move little in reaction to mostly upbeat Chinese macro releases.
Related Instrument
