Germany March ZEW survey current situation -61.0 vs -62.0 expected

Prior -67.2

  • Expectations 76.6 vs 74.0 expected
  • Prior 71.2
  • Eurozone expectations 74.0
  • Prior 69.6

Apologies for the delay on the post, had some technical difficulties earlier.

The current situation continues to stay subdued, reflecting the economic performance in Germany in Q1 amid lockdown measures. But the higher expectations reading reaffirms that investors are staying more forward-looking.

Further Development


Analyzing the current trading chart of Gold, I found that the buyers got exhausted today and the downside roattion would be probably to correct movement from recent few days.

Strong resistance at hte price of $1,738 is in the play and potential for the downside movement towards $1,701 and $1,680.

Stochastic oscillator is in the overbought zone, which is another sign for the further downside movement.

Key Levels:

Resistance: $1,738

Support levels: $1,701 and $1,680.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.