- The euro goes back from the 0.8700 zone despite the positive macroeconomic data.
- The German economic feeling and the industrial production of the Eurozone have shown improvements greater than expected.
- The EUR/GBP shows signs of a possible bearish correction.
The euro quotes downwards in front of the pound on Tuesday. The strong German economic feeling and the optimistic figures of industrial production of the Eurozone have failed to push the torque above the level of 0.8700. However, the price action remains at its highest levels in the last three months.
The broader trend remains positive, since the common currency continues to show a sequence of higher maximum and minimum, appreciating 3.8% from the minimum of May. However, the technical indicators have reached over -sales levels, and the 4 -hour RSI exhibits a bassist divergence, which can point out a possible bearish reversal.
The data of the Zew Economic Research Institute, published on Tuesday, suggest that the feeling of investors on economic perspectives has improved 52.7 since 47.5 in May, well above the market expectations of a 50.0 reading.
Also, his opinion on the current economic situation has improved at -59.5, from -72.0 in the previous month, also exceeding -65.5 advanced by the market consensus.
The industrial production of the Eurozone has also registered a positive surprise. The manufacturing activity accelerated 1.7% in May, exceeding the expectations of a growth of 0.6%, while the April reading was reviewed up to a 2.2% contraction from the fall of 2.4% estimated above.
Economic indicator
Industrial Production (MOM)
The industrial production published by the Statistics Office of the European Commission, Eurostatmeasures the production of the factories and mines of the Eurozone. Changes in the trend of industrial production are followed with great attention as an indicator of the strength of the manufacturing sector. A reading superior to the anticipated is bullish for the euro, while a lower reading is bassist.
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Last publication:
Mar Jul 15, 2025 09:00
Frequency:
Monthly
Current:
1.7%
Dear:
0.9%
Previous:
-2.4%
Fountain:
Eurostat
Economic indicator
ZEW Index – Economic feeling
The index of economic feeling published by the Center for European Economic Research, Zew, It measures the feeling of institutional investors, reflecting the difference between the proportion of investors that are optimistic and those who are pessimistic. A positive number implies that the proportion of optimists is superior to that of pessimists. A number greater than expectations is bullish for the euro, while a lower number is bassist.
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Last publication:
Mar Jul 15, 2025 09:00
Frequency:
Monthly
Current:
36.1
Dear:
37.8
Previous:
35.3
Fountain:
ZEW – Leibniz Center for European Economic Research
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
