Global macro overview for 12/12/2017 12.12.2017


The ZEW Economic Sentiment Index, measuring the moods of German financial analysts in December, fell from 18.7 points up to 17,4 points, while the market participants expected a reading of 18.0 points. Although at the beginning of November the Frankfurt exchange was breaking historic records, the moods of German economists remain only moderately optimistic. The December reading of the ZEW index was over one quarter lower than the long-term average of 23.7 points. What’s more, throughout the whole year the ZEW index remained on a quite stable on a moderate level. A slightly smaller percentage of the surveyed economists (46.6% and 47% respectively) assumes maintaining an upward trend on historic indexes b in Tokyo (Nikkei225) and New York (Dow Jones). The bears’ team is close to extinction – only in the case of the British FTSE, the percentage of those who are expecting a decrease in share prices exceeds 20%. On the other hand, inflation expectations are clearly growing. Already more than 71% of German economists expect inflation to increase in the US. It’s up to 9.7% more than in November. In the case of Germany and the United Kingdom, more than half of respondents expect inflation to accelerate within the next six months.

A monthly ZEW survey is based on the answers sent by around two hundred German financial experts. Analysts are asked about expectations for the next six months. Only three answers are possible: increase/improve, remain unchanged, drop/worsen.

Let’s now take a look at the German DAX30 Index technical picture at the H4 time frame. The Head & Shoulders pattern is still valid, but the market is not in hurry to break to the downside. The local support at the level of 13,085 has been defended well, but the key level to the upside is still the technical resistance at the level of 13.254.

Exchange Rates 12.12.2017 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sebastian Seliga,
Analytical expert
InstaForex Group © 2007-2017

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.


Source link

قالب وردپرس

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply