Economic sentiment in the eurozone

• German ZEW current economic conditions (Feb), fact 15.0, forecast 23.0.
• German ZEW economic sentiment (Feb),  fact -13.4,  forecast -14.1.
• ZEW economic sentiment index, fact -16.6, forecast -18.2

Economic sentiment in the eurozone increased in February, helped by technical factors and easing tensions in the global economy. But, despite attempts of recovery, the eurozone’s economic sentiment remains near its lowest level since 2012, indicating a very weak performance, despite a positive trend.

Fig. 1. ZEW economic sentiment index in the Eurozone

At the same time, the euro did not actually respond to the very positive data on economic sentiment in the eurozone, in fact, maintaining multidirectional dynamics on the general market sentiment. The EUR/USD pair is trading near the opening of the day, limited to the trading range from 1.1320-30 to 1.1290-80.

Fig. 2. EUR/USD chart. Current price – 1.1310

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Hanzenko Anton

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