FX.co ★ Global macro overview for 13/10/2015

Global macro overview for 13/10/2015:

The German ZEW index release revealed very weak sentiment towards the current and further economic situation in the euro area. Market participants expected a slight decrease to 6.8 this month from the level of 12.1 last month. Moreover, the current situation index came out lower than expected as well ( 55.2 vs. 64.0), confirming even more negative outlook for the nearest future.

The EUR/USD pair did not react much to the bad news. It is still trading in the middle of a range between the resistance 1.1459 and support at 1.1318.