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Aside from the ZEW Economic Sentiment, the calendar for the EUR is thin this week. Therefore, EUR traders will want to keep an eye on the upcoming data.
In January 2020, the German ZEW registered its highest print since July 2015. However, the numbers coming out tomorrow are expected to nosedive.
In terms of projections, a reading above 0.0 points would paint a healthy picture. A result below that, on the other hand, would be a sign of concern.
The current expectation is for the data to come in at -25 points. This would be a huge disappointment, pointing to a severe slowdown in economic activity within a short amount of time… Especially considering that things had just started to get better.
2020 Started with a Bang
In January 2020, we saw a print of 26.7. This indicated that the German economy was on the road to recovery, with healthy business activities starting to stimulate the economy.
This was largely at...
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