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Tag Archives: ZEW

6pm was ZEW sentiment for the German area and the Euro area.  This is an important data to ascertain how businesses and people are feeling about the economic situation in their homeland.

At 5:55pm, I placed my straddle trade with the following details: –

EURUSD   –   1.0645   –   1.0665   –   1.0685   –   Spot at 1.0665, and SLs at spot

As it turned out, German ZEW was stronger however, it was mitigated by a weaker Euro area ZEW.

The euro hardly moved, so I decided to withdraw the trade.