The main news and opportunity to make money on currency options today is the German Economic Sentiment Index.
The German Economic Sentiment Index (ZEW) measures the sentiment of institutional investors.
More than 0 indicates optimism, less pessimism.
This is the main indicator of business conditions. The study data comes from a survey of about 350 German institutional investors and analysts.
Higher-than-expected readings are seen as a positive/bullish direction for the EUR, while below-expected readings indicate a negative/bearish market for the EUR.
The index’s performance can be found in our financial calendar. A sharp movement in the EUR against cross currencies is expected. If you use a news trading strategy, this news can bring you good returns.
It is very important to understand that if you are trading on technical strategies, you should make full use of risk management, because news can change short-term trends.
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