{"id":71325,"date":"2015-04-21T07:15:35","date_gmt":"2015-04-21T11:15:35","guid":{"rendered":"http:\/\/countingpips.com\/?p=71325"},"modified":"2015-04-21T07:19:20","modified_gmt":"2015-04-21T11:19:20","slug":"euro-declines-following-soft-german-zew","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/euro-declines-following-soft-german-zew\/","title":{"rendered":"Euro Declines Following Soft German Zew"},"content":{"rendered":"
April 21, 2015<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n

The Euro was lower against the greenback on Tuesday and the 10-year Jun Bund future was showing a fractional decline while peripheral yield spreads were wider following a report suggesting that the ECB is thinking about reducing Greek bank support if reform progress is not forthcoming. German ZEW investor confidence for April also unexpectedly fell to 53.3 from 54.8 in March. The Greek 10-year benchmark yield rose to a peak of 13.53%, while shares in Greek banks were down sharply following the report.<\/p>\n

German April ZEW investor confidence unexpectedly fell to 53.3 from 54.8 in March. The median forecast had been for a rise to 55.1, and this was the first decline in the indicator since October 2014. ZEW said that the German economy is in good shape on the back of a strengthening consumer sector, though the current weakness of the world economy is dampening export prospects. The impact of the Greek crisis is relatively low, according to ZEW, and the assessment of the current situation improved notably, to 70.2 from 55.1. The survey was conducted between Apr-7 and Apr-20, so it may not fully reflect more recent concerns about Greece that have been seen over this period.<\/p>\n

The EUR\/USD has been consolidating in a 1.10-1.05 range since mid-March.\u00a0 Resistance on the currency pair is seen near the 20-day moving average at 1.0780, while support is seen near an upward sloping trend line at 1.06.\u00a0 Momentum on the currency pair has flattened reflecting the consolidation in price action. The MACD (moving average convergence divergence) index is printing in positive territory but the trajectory is flat.\u00a0 The commodity channel index was rejected at the 0 index reading and has a downward trajectory which reflects downward negative momentum.<\/p>\n

\"eur-042115a\"<\/a><\/p>\n

 <\/p>\n

\n

\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The Euro was lower against the greenback on Tuesday and the 10-year Jun Bund future was showing a fractional decline while peripheral yield spreads were wider following a report suggesting that the ECB is thinking about reducing Greek bank support if reform progress is not forthcoming. German ZEW investor confidence for April […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71325","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=71325"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71325\/revisions"}],"predecessor-version":[{"id":71329,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71325\/revisions\/71329"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}