Saturday, October 10, 2015

German ZEW is key next week - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained the key events coming up next week for the EZ and noted the German ZEW as a highlight on 13th Oct.

See here for latest price action in EUR/USD

Key Quotes:

"The ZEW’s current macroeconomic conditions index didn’t even flinch at the volatility on markets and in EMs in August and September, so for this reason, we expect continued gains in October, with an increase to 70.0 (versus consensus for a fall to 64.3).

The same can’t be said for the ZEW macroeconomic expectations index, which has been steadily declining since the spring. We expect a further leg down from 12.1 in September to 8.0 in October (consensus: 6.8)."
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