Germany to Disclose ZEW Economic Sentiment Indicator

Germany to Disclose ZEW Economic Sentiment Indicator

Market participants who are trading in euro quotes will be anticipating the release of the ZEW Economic Sentiment Indicator, which will be disclosed by the Centre for European Economic Research. The highly significant economic data coming from the business sector of the market will be disclosed on Tuesday at 10:05 GMT. With the release of the indicator, the sentiment of institutional investors could be assessed. Market participants should note that the increase in the values of the indicator will have a favourable impact on euro quotes. 

 Announcement of the Claimant Count Change

The Office for National Statistics will be revealing the Claimant Count Change of the UK on Tuesday at 07:00 GMT. Financial experts are expecting a drop of 0.7 K from the previously released statistics of 16.0 K. Market participants who are trading in pound sterling or related to the labour sector of the market are highly recommended to make a note of the changes in the values of the indicator that shows the change in the number of individuals applying for unemployment benefits. Market analysts and participants should be cautious since a drop in the values of the indicator could be considered as an indication of a robust labour market and it can have a positive effect on the currency. 

Governor of BoE to Give Speech

As the speech delivered by the head of the Monetary Policy Committee of the Bank of England had the greatest impact on the value of the pound sterling, market participants who are trading in the currency are suggested to observe them. Based on the sources from the BoE, the speech will be given on Tuesday at 15:00 GMT. Furthermore, hints about any modification or changes in the future monetary policy or exchange rate of the bank will be included in this public engagement of the governor of the Bank of England, market participants are advised to remain cautious during the speech.