When is the German ZEW Survey and how could it affect the Euro?
German ZEW Survey Overview
The Zentrum für Europäische Wirtschaftsforschung (ZEW) will release its German Economic Sentiment Index and the Current Situation Index for May at 09:00 GMT later on Tuesday.
ZEW Survey – Economic Sentiment Index for Germany is expected to fall to -19.8 in May, from 17.2 in April. Meanwhile, the Current Situation Sub-Index is expected to drop to -77.5 in the reported month, down from the previous reading of -73.7.
ZEW Survey – Economic Sentiment in Eurozone is expected to decline to -20, slightly improving from -20.4 previously.
How could the German ZEW Survey affect EUR/USD?
EUR/USD trades on a negative note on the day in the lead up to ZEW Survey. The major pair declines as tensions between the United States (US) and Iran remain high, boosting demand for a safe-haven currency such as the US Dollar (USD).
If data comes in better than expected, it could lift the Euro (EUR), with the first upside barrier seen at the May 8 high of 1.1788. The next resistance level emerges at the 1.1800 psychological level, en route to the April 17 high of 1.1849.
To the downside, the May 7 low of 1.1722 will offer some comfort to buyers. Extended losses could see a drop to the 100-day Exponential Moving Average (EMA) of 1.1685, followed by the April 30 low of 1.1655.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Our Pinterest Stock Pick Hasn't Worked. We're Dropping It. -- Barrons.com
By Jacob Sonenshine Pinterest is down about 42% since Barron's recommended the stock in June 2025. During that time the S&P 500 has gained 29%. Time to move on. The problem isn't that Pinterest doesn't have long-term growth potential. It's that it has repeatedly failed to sustain a super high growth rate, creating uncertainty. Our thesis was that revenue growth would hold strong and the company's artificial intelligence usage would enable it to match the right products and advertisements with users. The hope was that Pinterest, with its hundreds of millions of users and more than $4 billion of annual sales, would grow within a global digital ad market worth hundreds of billions, as it would increasingly monetize its users. It has grown -- but not consistently at a high rate. Pinterest will continue to grow, but the market's concern doesn't appear likely to subside soon; revenue growth often decelerates by several percentage points, which causes large selloffs in the shares. The root of the problem is that whenever growth slows, the market is left to wonder if the platform is beginning to lose its relevance. Users now have a crowded field of options for finding personal and household trinkets to buy. Maybe the growth story isn't as beautiful as investors had hoped years ago, when the stock was at record highs of close to $90. Consider second quarter earnings, which management released Aug. 4, and caused the stock to drop. Yes, sales of $1.18 billion beat analyst's expectations and grew about 18% year over year, and yes, adjusted earnings per share of 43 cents beat estimates and grew 30%, as profit margins expanded. But the guidance signaled slowing growth yet again. Management guided for third quarter revenue of $1.2 billion at the midpoint of the range. That implies 14% year over year growth. Chief Financial Officer Julia Donnelly said on the earnings call that second quarter growth was strong partly due to the combination of brands increasing their ad spend around Amazon Prime Day and "World Cup-related spend th
Gold steady as firm dollar counters softer US rate-hike bets
CFTC Clears Path for US Exchanges to Launch Perpetual Futures
Brazil Stocks Hit Record as Dollar Crashes After Election Shock
Crypto prices
More
