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Nov 09 - 06:55 AM

EUR/USD - CORRECTED-BUZZ-Big ZEW Beat Could Squeeze Those Short EUR/USD

By Jeremy Boulton  —  Nov 09 - 05:05 AM

Corrects IFO to ZEW

  • German ZEW 31.7 in November vs 20.0 f/c and prior 22.3

  • Current conditions fell sharply, expectations which matter more surge

  • ZEW is returning to normal levels after months of excessive strength

  • ZEW was 26.7 in Jan 2020 before pandemic created turmoil, hit 84.4 after

  • ZEW largely between 5-20 between 2015-2018

  • The number of shorts has risen dramatically since June IMM/FX

  • Should EUR/USD close over 1.1633 then ranges may shift up nL1N2S00CU


Source:
Refinitiv IFR Research/Market Commentary

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