Following the exit of the final German IFO business survey, institute economist Klaus Wohlrabe said the economy was looking for a recovery. Additional quotes “The climate has improved in construction, retail and services.” “Particularly pronounced improvement of the climate in industry.” Production plans have been significantly revised upwards. “Travel agencies and tour operators are slightly..
Continue reading…
Economist from the German IFO: Economy geared towards recovery.
Posted on Leave a comment
German IFO Business Climate Index beats estimates with 92.4 in February, EUR / USD regains 1.21
Posted on Leave a comment
The German IFO Business Climate Index stood at 92.4 in February. IFO’s current economic valuation stood at 90.6 this month. The German IFO expectations index in February came in at 94.2. more soon …. About the German IFO The IFO Business Climate Index was rebased and recalibrated in April after the IFO Research Institute changed..
Continue reading…
When is the German IFO poll and how could it affect EUR / USD?
Posted on Leave a comment
Overview of the German IFO Company Survey The German IFO survey for February is expected to be released later today at 9:00 GMT. The IFO business climate index is higher at 90.5 compared to 90.1 previously. The current valuation sub-index is expected to drop to 88.9 this month. 89.2 ahead while the IFO Expectations Index..
Continue reading…
US dollar withdraws, inflation on the move
Posted on Leave a comment
The US dollar rally earlier this year has taken a break as other major currencies have struck against the US currency. Economic growth remains subdued in developed economies, although inflationary pressures have increased in Europe and the United States. This week’s highlights include US GDP and euro area inflation reports. Eurozone GDP reached -0.6% in..
Continue reading…
Strong jobs pay off to revive bullish AUD / USD momentum
Posted on
Australia’s unemployment rate is expected to fall further to 6.5% in January. Strong employment data is unlikely to change the RBA’s accommodative policy stance. AUD / USD will test 2021 highs on encouraging employment data. The Australian labor market recovery is expected to strengthen in January, as companies appear to have kept pace with hiring..
Continue reading…
UK annualized CPI beats estimates with 0.7% in January, GBP / USD remains below 1.39
Posted on
UK CPI rose 0.7% yoy in January vs. + 0.5% expected. UK monthly CPI comes in at -0.2% in January vs. -0.4% expected. GBP / USD remains depressed below 1.3900 on UK CPI release. The UK’s 12-month consumer price index (CPI) rate stood at + 0.7% in January compared to the + 0.6% booked in..
Continue reading…
NY Empire State Manufacturing Index improves to 12.1 in February vs. 6 expected
Posted on
The New York Empire State’s manufacturing index improved sharply in February. The US dollar index rebounds to 90.50 after the data. The New York Fed’s Empire State Manufacturing Survey general trading conditions index rose to 12.1 in February from 3.5 in January, the New York Fed report revealed on Friday. This reading is better than..
Continue reading…
EUR / USD flirts with session highs around 1.2160
Posted on
EUR / USD regains bullish traction and approaches 1.2160. German economic sentiment improves to 71.2 in February. US NY Empire State, Fed’s Bowman, TIC Flows then in the US register. The single currency pushes higher and encourages EUR / USD to upgrade to the weekly 1.2155 / 60 band highs on Tuesday. EUR / USD..
Continue reading…
When is the euro zone preliminary GDP and how could it affect the EUR / USD?
Posted on
Preliminary overview of euro area GDP The second reading of the euro area’s fourth quarter GDP figures is expected to be released later today at 10:00 GMT. The consensus among traders expects the bloc’s economic growth rate to decline 0.7% between quarters in Q4 2020, when on an annualized basis it is expected to come..
Continue reading…
Indonesian rupiah hits monthly highs despite mixed trade data
Posted on
According to the latest trade data published by the Indonesian Bureau of Statistics, the country posted a larger than expected trade surplus in January, but both imports and exports disappointed. Indonesia reported a trade surplus of $ 1.96 billion compared to $ 1.68 billion expected and $ 2.10 billion previously. Imports and exports are respectively..
Continue reading…