Skip to content
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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
ZEW Index Falls By Less Than Expected, DAX Still Weakens

ZEW Index Falls By Less Than Expected, DAX Still Weakens

Martin Essex, MSTA, Analyst

EURUSD and DAX price, news and analysis:

  • The ZEW indicator of German economic sentiment fell by 10.6 in September. That was better than both the expected drop of 13.5 and the previous decline of 13.7.
  • There has been little impact on EURUSD but the DAX index of German-listed stocks is weakening.

Check out the IG Client Sentiment data to help you trade profitably.

ZEW index beats expectations

The ZEW indicator of German economic sentiment fell by 10.6 in September; better than both the -13.5 predicted by analysts and the -13.7 recorded in August. While EURUSD was largely unchanged on the data, the German DAX stock-market index is falling following the data release.

DAX Price Chart, Five-Minute Timeframe (September 11, 2018)

Latest DAX price chart.

Chart by IG

The current conditions index came in at 76.0, up from 72.6 and above the 72.0 forecast, but ZEW said that during the survey period, currency crises in Turkey and Argentina intensified while German industrial production and incoming orders were surprisingly low.

The ZEW index of economic sentiment is a leading indicator for the German economy but generally has less impact on the markets than the similar Ifo index. Nonetheless, it is one of the first indicators of the strength of the Eurozone economy each month so still has an effect. It is based on a survey of up to 300 analysts from banks, insurance companies and the financial departments of selected companies.

Calculated by ZEW, the Center for European Economic Research in Germany, it has now been negative for six successive months.

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: 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. You can learn how to trade like an expert by reading our guide to the Traits of Successful Traders.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

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

DISCLOSURES