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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here: https://t.co/WjU4oYpmf7 https://t.co/VcNnCjm0B2
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/AiLoS7DrEQ
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3Wked6GBOp https://t.co/HicBmGrokK
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/5lbyBJeeA7
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/lAFyv1gM0P https://t.co/ubLimoYAcr
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:https://t.co/QQwAZTxZFg https://t.co/4cRhRCiv3C
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:https://t.co/3UIKmbLIvD https://t.co/PY2YyH4vkQ
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:https://t.co/3wsYlSxd26 https://t.co/z2qB9p8IgX
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook! https://t.co/kAvpnb0EXO
  • 4 consecutive down weeks for the #SP500, last matched over a year ago #Fed balance sheet continues to gain very cautiously, now at its highest since the middle of June. Still, at slower pace than last week Focus shifts to US fiscal stimulus next week in the House of Reps https://t.co/f8zpSILm86
Euro Looks Past Soft German IFO Data as Markets Digest Fed Hike

Euro Looks Past Soft German IFO Data as Markets Digest Fed Hike

2015-12-17 10:21:00
Oded Shimoni, Junior Currency Analyst
Share:

Talking Points:

  • The Euro was little changed versus its major currency counterparts
  • IFO business climate index dropped to 108.7 from 109.0 in November
  • Business expectations unchanged 104.7, but below expectations

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

The Euro was little changed versus its major currency counterparts after today’s German IFO figures fell below expectations. The German Business Climate index dropped to 108.7 in December, below the prior and expected print of 109.0 (the further the value is from 100, the stronger the sentiment). The expectations index remained unchanged at 104.7, but fell below the 105.0 figure expected by economists. The Current Assessment number was perhaps the most interesting part in the current market context, which printed 112.8, below the prior and expected figure of 113.4.

The drop in the Current Assessment might be seen as worries stemming from slower exports due to a slowdown in emerging markets. The effects has been offset by steady domestic demand, but may be put in higher focus after yesterday’s rate hike by the Federal Reserve, which may put additional pressure on emerging markets economies. With that being said, it seems the move by the Fed is still in high focus today as the market digests this latest development, trying to decide the path forward. Given this fact the Euro was little changed versus its major currency counterparts.

Euro Looks Past Soft German IFO Data as Markets Digest Fed Hike

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

DISCLOSURES