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. See our updated Privacy Policy here.

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
More View more
German IFO Survey Falls for First Time in 5 Months

German IFO Survey Falls for First Time in 5 Months

David Maycotte,

Talking Points:

  • German IFO Business Climate 110.7 in March vs 110.9 Estimates
  • Euro Rises Little-Changed Against US Dollar Despite Worse-than-Expected Data
  • Focus Shifts to Germany’s Flash March CPI Release Due Later This Week

Germany’s IFO survey of business confidence showed sentiment fell for the first time after a five-month consecutive rise. The headline Business Confidence gauge missed expectations calling for a print of 110.9, and reported at 110.7 in March (one month low). The Euro dipped on the worse-than-expected survey numbers, but quickly recovered to familiar overnight ranges. DailyFX Strategist Ilya Spivak says limited follow-through is a result of the outcome’s limited implications for near-term monetary policy. Moreover, Mario Draghi may decide to wait for the outcome of the Asset Quality Review (AQR) before making a policy move. Despite Euro’s resilience to a low-inflation environment traders may look to Friday’s preliminary set of Germany’s March Inflation data for further volatility.

EUR/USD 1-Minute Chart. March 25, 2014

German-IFO-Survey-Falls-for-First-Time-in-5-Months_body_Picture_1.png, German IFO Survey Falls for First Time in 5 Months

Charted created by David Maycotte using Marketscope 2.0.

Get Real-Time Feedback on Your Trades withDailyFX on Demand

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to instructor@dailyfx.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

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

DISCLOSURES