EMU ZEW Survey - Economic Sentiment

Description

The Centre for European Economic Research (ZEW) releases a monthly outlook on institutional investor sentiment toward Germany and the euro area. The survey captures changes in the level of optimism/pessimism among financial market experts toward Germany and the broader euro area.
Latest Release: 16-12-2014 10:00:00
Next Release: 21-01-2014 10:00:00
Source:Zentrum für Europäische Wirts...

The euro was little changed against the US dollar on Tuesday, as Eurozone investor sentiment continued to deteriorate this month in the face of an escalating sanctions war between the West and Russia.

The euro-to-dollar exchange rate fluctuated very little on Tuesday, trading between 1.2923 and 1.2967. The pair would subsequently consolidate at 1.2943, advancing just 0.03 percent. The daily chart shows initial support situated at 1.2908. On the upside, initial resistance is likely found at 1.2973.

The euro strengthened against the British pound as the prospect of an independent Scotland continued to weigh on the markets. The latest polls suggest the No campaign has a very narrow lead, although that can change in a hurry, according to analysts monitoring the events.

Meanwhile, British consumer inflation rose faster than forecast in August, the Office for National Statistics reported today. Core consumer prices increased at an annual rate of 1.9 percent, following a 1.8 percent increase the previous month.

The euro-to-pound exchange rate advanced 0.2 percent to 0.7988. The pair faces initial support at 0.7950 and resistance at 0.7990.

In Eurozone data, the Centre for European Economic Research (ZEW) said investor confidence declined sharply, as escalating tensions between the West and Russia and a deteriorating economic climate in Europe weighed on sentiment.

The Eurozone economic sentiment index fell to 14.2 in...

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