News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • The #HSI Hang Seng Index surged 2% to above the 30,000 mark, led by strong gains in the technology sector: - Tencent (+8.39%) - Meituan (+5.4%) - Alibaba (+3.8%) - Xiaomi (+2.85%)
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.40% Gold: -0.05% Oil - US Crude: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YeFZeGAfDd
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/0R0BcQrzFG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.34% 🇦🇺AUD: 0.23% 🇨🇦CAD: 0.22% 🇪🇺EUR: 0.03% 🇯🇵JPY: -0.01% 🇨🇭CHF: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/umNdpg33Bg
  • #Bitcoin, #Ethereum Outlook: ETH Poised to Outperform BTC in Near Term - https://www.dailyfx.com/forex/market_alert/2021/01/25/Bitcoin-Ethereum-Outlook-ETH-Poised-to-Outperform-BTC-in-Near-Term.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $BTC $ETH $BTCUSD $ETHUSD https://t.co/Pc6e2Grumq
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 64.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ArnUc6hllq
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/3:00 AM GMT for insight on the cross-market outlook in the week ahead. Register here: https://t.co/E213bTtq5C https://t.co/Sj2NSgZ4xD
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/8G8mUX4so6 https://t.co/MAn2EL32sU
  • In the week ahead, around 25% of S&P 500 companies will release their results, including GE, Johnson & Johnson, 3M, Microsoft, Boeing, AT&T, Facebook, Apple, Tesla, Visa and Amazon. Read more on my earnings outlook report. https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/01/17/Dow-Nasdaq-SP-500-Outlook-Earnings-May-Bring-Positive-Surprises.html
  • Wall Street Futures Update: Dow Jones (+0.20%) S&P 500 (+0.28%) Nasdaq 100 (+0.51%) [delayed] -BBG
German IFO Survey Tops Expectations

German IFO Survey Tops Expectations

David Schutz,

THE TAKEAWAY: IFO says business climate improving -> Greece dragging down market confidence -> Euro bounces on news

The widely read IFO survey out of Germany projected improvement in business climate, current assessment, and economic expectations. The headline business climate indicator came in at 108.3; markets were expecting a reading of 107.6. The previous figure was revised upward to 107.3. The IFO cited internal demand and the rising US economy as the surge's catalyst, but tempered its report by saying it's too early to take German upswing for granted.

The statistics show improving economic sentiment in Germany, but even so, the situation in the Eurozone as a whole remains critical. Negotiation s regarding Greek debt have as of yet yielded no resolution, and a number of European FinMins this weeks indicated their belief that Greece has not been doing enough to fight the crisis. IMF’s Lagarde today suggested a merger of the ESM and EFSF to increase market confidence; however, the scope and funding of these two bodies remains unclear given German resistance to further bailout expenditure.

German_IFO_tops_expectations_body_BOE.png, German IFO Survey Tops Expectations

The Euro bounced 25 points on the IFO news, but the receded to former levels and as of this report was trading at 1.3033.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES