Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Apr 26 - 03:55 AM

EUR/USD - German Economy Far Removed From Situation EUR/USD Traders Need

By Jeremy Boulton  —  Apr 26 - 02:30 AM
  • German consumer sentiment -25.7 in May - better not good

  • Series averaged +9-10 before COVID-19, deeply negative since

  • EUR/USD traders are heavily long and rally has faltered this year

  • Trade basically confined to the top 500 points of rough 0.95-1.10 rise

  • Roughly one third of the $22 billion long position was added this year

  • Those long may need a big improvement in eurozone economy to spark a rise

  • A U.S. slump may not necessarily hit USD, it may spur risk aversion

  • Under risk averse conditions traders more likely to pare risk, take profit

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved