A first in this year, the German ZEW sentiment finally showed some optimism. This is an index surveyed by institutional investors and analysts and a level above 0 shows optimism. Germany recorded an impressive 11.5 this time, a huge leap from Octobers -3.6.
Head over to the ZEW press release for more details.
Regardless of the data today, a number of traders remain skeptical on its accuracy and going long on EUR/USD would be foolish unless it is a scalp or short term position.
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