German, Eurozone ZEW Surveys Better Than Expected Overall

By David Schutz,

THE TAKEAWAY: ZEW survey mixed , but better on the whole -> markets remain focused on Fed policy decision

The ZEW survey out of Germany today showed improving economic sentiment in Germany and the Eurozone during January. The lone weak area in the survey was the current situation category, which was slightly weaker than expected in Germany.

The survey said economic expectations are positive for the second month in a row, and credited to improvement to strong German industrial production. Moreover, the ZEW institute said there is no chance of a recession in Germany, and that positive surprises are more likely.

The Euro was unmoved by the news, and markets remain focused on US retail sales data set for release during today’s North American session.
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Original Article: http://www.dailyfx.com/forex/market_alert/2012/03/13/German_Eurozone_ZEW_Surveys_Better_than_Expected_Overall_.html

DailyFX is the forex news and research arm of FXCM (NYSE: FXCM), which provides currency trading and brokerage services and is an advertiser on TheStreet websites. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Currency trading involves significant risk of loss. Individual authors may hold positions in the currencies discussed in the article.