German ZEW - Slightly better but still bad

This Tuesday morning at 10am london at 5am EST, the German ZEW data was released along with the ZEW figure for the whole Eurozone. In April of 2010 this figure was +50 and now it is in the -50 area. Very grim...slight improvement today, but still bad...not enough to get a trade on.

German ZEW Economic Sentiment Survey
Median Estimate -55.8 Average Estimate -55.4 Range of Estimates -60.0 to -47.0
Prior -55.2 Actual -53.8

German ZEW Current Situation Survey
Median Estimate 31.0 Average Estimate 29.9 Range of Estimates 16.0 to 34.0
Prior 34.2 Actual 26.8

Eurozone ZEW Economic Sentiment Survey
Prior -59.1 Actual -54.1

Soon after the release the Zew made some comments Click Here to See
then a Spanish Bond Auction See Here and a Greek Bond Auction Click Here and so the Euro did manage to rally US Bank buying euros

Here are some Charts:
1st the initial reaction in 5 sec

then a 30 sec to show more of the action especially thru those bond auctions