What is it? It checks the Level of a diffusion index based on surveyed German institutional investors and analysts.
It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
Usual Effect: If the number is higher than expected, you can expect the EUR to rise.
When? October 14th at 5:00am Eastern Time.
Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.
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