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Jan 17 - 07:55 AM

EUR/USD - Reaction Telling Following Big ZEW Surprise

By Jeremy Boulton  —  Jan 17 - 06:00 AM
  • 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



Source:
Refinitiv IFR Research/Market Commentary

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