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Euro Area ZEW Economic Sentiment Index
The amount of optimism that analysts have about the projected economic developments over the next 6 months in the Euro Area is evaluated by the ZEW Economic Sentiment Index. A total of 350 financial and economic professionals participate in the research. When calculating the index, the difference between the percentage share of economists who are optimistic about the development of the economy and the percentage share of economists who are pessimistic is taken into account. As a result, the ZEW index gauges confidence on a scale ranging from -100 (all analysts predict the economy to suffer) to 100 (all analysts believe the economy will strengthen). A 0 value indicates that the scenario is neutral.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1416 -387 pips |
1.1568 +235 pips |
1.18032 | |
| EURAUD |
|
|
1.7277 -667 pips |
1.7940 +4 pips |
1.79441 | |
| EURJPY |
|
|
164.3019 -551 pips |
167.9308 +189 pips |
169.816 | |
| EURCAD |
|
|
1.5690 -352 pips |
1.6019 +23 pips |
1.60416 | |
| EURCHF |
|
|
0.9356 +14 pips |
0.9494 -152 pips |
0.93415 | |
| EURCZK |
|
|
24.6901 +70 pips |
0 +246831 pips |
24.68310 | |
| EURGBP |
|
|
0.8559 -84 pips |
0.8611 +32 pips |
0.86433 | |
| EURHUF |
|
|
397.9672 -198 pips |
405.3240 -537 pips |
399.95 | |
| EURNOK |
|
|
11.4731 -4207 pips |
11.8195 +743 pips |
11.8938 | |
| EURNZD |
|
|
1.8796 -633 pips |
1.9366 +63 pips |
1.94291 |
News (EUR)
German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 1 day ago
Eurozone Inflation Hits ECB Target
Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | 1 day ago
Eurozone Manufacturing Sector Contraction Slows In June
Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
RTTNews | 1 day ago
