Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

Forex Analysis
by ForexNewsNow Team on October 19th, 2010

ZEW data / German investor morale drops more than forecast

Indicator analysis - German leader Angela MerkelNEW YORK (Forex News Now) – German investors became unexpectedly pessimistic in October, data showed on Tuesday in one of the day’s major realtime forex news events.

In a report likely to impact currency market trading, the Mannheim-based ZEW think tank said its monthly poll of economic sentiment fell to -7.2 during the month, down from -4.3 in September.

Analysts had expected October’s figure to come in at -7, two major online FX trading news outlets reported.

Any reading of the closely watched-index above zero shows optimism.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))