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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 09 December 2020

09 December 2020, EUR/USD

Positive macroeconomic statistics from Germany

EURUSD trading plan:

German investor sentiment soared more than expected in December on expectations that vaccines against the Covid-19 will boost the outlook for Europe's largest economy. The ZEW economic research institute said its survey of investors' economic sentiment moved up to 55.0 from 39.0 in the previous month. Germany is rushing to prepare vaccination centres across the country so it can start offering shots quickly once a vaccine has been approved in Europe. "The announcement of imminent vaccine approvals makes financial market experts more confident about the future," ZEW President Achim Wambach said in a statement. Positive macroeconomic statistics from Germany will have a positive impact on the value of the Euro.

Investment idea: Buy 1.2120 and take profit 1.2160.

David Johnson
Analyst of «FreshForex» company
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