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German ZEW likely to show deterioration - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that timely business sentiment indicators are going to be extremely important to policy makers in the coming weeks , and unfortunately the news is not likely to be very good on this front.

    Key Quotes

    “However, markets have been deteriorating faster than the survey can account, and further deterioration next week could push the ECB to provide liquidity support as early as Wednesday's non-policy meeting.

    Weak equity prices, weak PMIs, and weaker-than-expected economic data are all expected to weigh on Germany’s February ZEW index. We expect the Current Situation index to fall from 59.7 to 53.4 (consensus: 55.0) and the Expectations index to fall from 10.2 to 1.0 (consensus: 0.0).”
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