wrapper

EUR/USD Daily Forecast – 23 August

Tuesday, Aug 22 2017
EUR/USD Daily Forecast – 23 August

From Eurozone, yesterday, ZEW Economic Sentiment for Germany and Eurozone figures were published. The ZEW Indicator of Economic Sentiment for Germany fell considerably by 7.5 points in August 2017 and now stands at 10.0 points. The indicator thus remains significantly below the long-term average of 23.8 points. The assessment of the current economic situation in Germany increased slightly by 0.3 points in August. The corresponding indicator now stands at 86.7 points.

By contrast, the indicator for the current economic situation in the eurozone has climbed significantly. It currently stands at 38.4 points, 9.7 points higher than in July. Since November 2016, the indicator for the economic situation in the eurozone has been steadily increasing and has now reached its highest level since January 2008.

 

Focus of tomorrow's session will be on French and German PMI figures. Analysts expect slight decline in both French and German services and manufacturing PMI. In the US session New Home Sales figures will be published. No change is forecasted.

 

Figures to watch:

 

French Flash Manufacturing PMI/French Flash Services PMI (Wednesday 9:00)

German Flash Manufacturing PMI/German Flash Services PMI (Wednesday 9:30)

New Home Sales (Wednesday 16:00)

 

More in this category: « GBP/USD Daily Forecast – 23 August AUD/USD Daily Forecast – 24 August »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.