ZEW economic sentiment 16.9 in Jan vs -15.0 f/c and prior -23.3

Range of expectations was 0.0 to -22.5

Current conditions only improved modestly -58.6 from -61.4 (-58.0)

Data reveals a great deal of hope

EUR/USD drifts lower in wake of the data - Europe range 1.0809-38

Dip reflects currently stretched techs/betting nL1N3420GX

A base for gas prices likely to send EUR/USD back down nL1N3420J2