News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • DXY broke upward sloping channel, 200-day next. May be on its way to trading to the yearly low at 89.2. Get your market update from @PaulRobinsonFX here:
  • USD/JPY attempting to muscle its way higher off session lows with help from these Waller comments (see thread below) $USDJPY $USD #Forex
  • Fed's Waller: - Fed could taper at a faster rate than previous taper - I was in favor of tapering MBS before Treasuries; majority of Committee did not agree
  • Fed's Waller: - We should taper early and quickly to pave way for potential rate hikes in 2022 - Inflation expectations are well anchored
  • Fed's Waller: - Inflation running well above 2% target - If next two jobs reports come in as strong as the last report, Fed can taper by September
  • RT @ZabelinDimitri: Rising Australia-#China tension could compound medium-term bearish outlook for #AUD
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.03% Silver: -0.07% Oil - US Crude: -0.12% View the performance of all markets via
  • The USD Majors are poised within well-defined setups into the open of the month with a host of event risk on tap this week including the RBA & BoE interest rate decisions, NFP and Canada employment. Get your market update from @MBForex here:
  • Bitcoin (BTC), Ethereum (ETH) giving back some of the weekend’s gains. Ethereum/Bitcoin spread makes a break above trendline resistance. Get your cryptocurrency update from @nickcawley1 here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.64%, while traders in France 40 are at opposite extremes with 78.21%. See the summary chart below and full details and charts on DailyFX:
EUR Drops on Weak ZEW German Sentiment Report

EUR Drops on Weak ZEW German Sentiment Report

Martin Essex, MSTA, Analyst

EURUSD talking points:

- Data from the ZEW research institute suggests that German investor sentiment has worsened sharply.

- That weakened the Euro as it suggests the European Central Bank will have to be cautious about tightening Euro-Zone monetary policy.

Learn how to trade like an expert by reading our guide to the Traits of Successful Traders

Check out the top trading opportunities for 2018 on the DailyFX Trading Guides page

ZEW reports plunge in German economic sentiment

German investors became much less confident in March according to the country’s ZEW research institute. Its measure of economic sentiment plunged to just 5.1 in March, down from 17.8 in February and well below the 13.0 expected.

There was a drop too in the ZEW current situation index, to 90.7 from 92.3, while its guage of sentiment in the Euro-Zone as a whole fell to 13.4 from 29.3. That sent the Euro down steeply against the US Dollar.

EURUSD Price Chart, Five-Minute Timeframe (March 20, 2018)

EUR Drops on Weak ZEW German Sentiment Report

Chart by IG

Responding to the weak numbers, ZEW said concerns over a US-led global trade conflict have made German investors more cautious and that the strength of the Euro is also clouding the outlook for the German economy. However, the outlook is still largely positive despite the risks, it added.

Euro-Zone monetary policy in focus

Meanwhile, the key driver of the Euro currently remains yesterday’s report from the Reuters newsagency that European Central Bank officials are shifting their debate from bond purchases to the expected path of interest rates.

Previosuly, the ECB was expected to reduce the stimulus it provides to the Euro-Zone economy through its asset-purchase program before increasing interest rates. However, the report suggests that ECB officials could to decide to raise rates sooner than previously expected.

That gave EURUSD a boost and the Euro had largely held on to those gains until the ZEW survey results were announced..

Resources to help you trade the forex markets

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you: IG Client Sentiment data, analytical and educational webinars hosted several times per day, trading guides to help you improve your trading performance, and one specifically for those who are new to forex.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at or on Twitter @MartinSEssex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.