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..
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German IFO Business Climate Index beats estimates with 92.4 in February, EUR / USD regains 1.21
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When is the German IFO poll and how could it affect EUR / USD?
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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..
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Bulls hold reins above 0.7700 ahead of Chinese CPI
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AUD / USD sits comfortably around two week high, buyers catch their breath late. Market sentiment turned cautiously optimistic ahead of the US CPI, a stimulus. Data on Australian Westpac consumer sentiment and inflation in China will provide immediate direction. AUD / USD is hovering around 0.7735, after recently hitting its two-week high of 0.7742..
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Under pressure, but above 1.2060
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Current price EUR / USD: 1.2104 German inflation exceeded expectations in January, according to preliminary estimates. The US gross domestic product in the fourth quarter shows an annual growth rate of 4.0%. EUR / USD should continue to decline, bearish acceleration expected below 1.2060. EUR / USD spent the first half of the day consolidating..
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Surprise from the Fed could prompt action
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USD / JPY Current Price: 103.77 The ECB has tools to counter the appreciation of the EUR if necessary. Japan’s leading economic index was revised to 96.4 in December. The USD / JPY prolongs its consolidation phase in a context of strengthening of the dollar on risk aversion. The dollar is on the rise under..
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Under slight pressure, no clear directional force
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USD / JPY Current Price: 103.67 US Treasuries yields edged up intraday, limiting the decline in the USD / JPY. The BOJ minutes showed that policymakers would remain vigilant in the face of market movements. USD / JPY maintains its neutral position with downside risk bias. The USD / JPY pair calmed down on better..
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USD / JPY forecast: still silent around 103.80
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USD / JPY Current Price: 103.80 BOJ minutes showed policymakers were open to further easing. US consumer confidence is expected to improve slightly to 88.9. USD / JPY is trading below the 104.00 figure, should break through 104.39. USD / JPY continues to trade uneventfully around 103.80, as investors brace for a catalyst. All eyes..
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The global recovery is rather precarious and the outlook remains uncertain
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Speaking at a virtual meeting of the World Economic Forum on Monday, Chinese President Xi Jinping said the world needs to strengthen macroeconomic policy coordination, as reported by Reuters. Other takeaways “The global recovery is rather precarious and the outlook remains uncertain.” The north-south divide is likely to widen further and even to perpetuate itself…
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Choppy start to the week before the first level events
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USD / JPY Current Price: 103.80 Market mood deteriorated following the release of poor German data. Both equity and government bond yields are falling, limiting the advances of the USD / JPY. USD / JPY is bullish in the short term, but below critical resistance at 104.40. The US dollar is higher as sentiment is..
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When is the German IFO poll and how could it affect EUR / USD?
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Overview of the German IFO Company Survey The German IFO survey for January is expected to be released later today at 9:00 GMT. The IFO business climate index is slightly lower at 92.0 against 92.1 previously. The current valuation sub-index is expected to drop to 90.7 this month. 91.3 ahead while the IFO Expectations Index..
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