Ifo

As expected, the markets had a tough start to the week. There were a couple of technical factors, but the COVID situation is apparently still driving consumer sentiment. And that's likely to continue to be the theme for the data…
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Equity markets rallied as a risk on sentiment saw major US indices touching new highs from Friday. The gains were partly driven by activity in the stock markets. However, trade optimism is once again partly cited for the gains. President…
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The last major market-moving data of this rather busy week for the euro is the Ifo Business Climate Index. The expectation is for it to confirm the host of downbeat economic reports we've been getting over the last few weeks. The…
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The euro is in for a busy day tomorrow. A host of key data points is scheduled for release during the day. The most important ones are related to the largest economy in the eurozone. We had a bit of a positive surprise out of Germany…
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The Euro currency came under pressure yesterday amid a mix of weak economic reports and the dovish ECB meeting. Ahead of the ECB meeting, the flash PMI's covering the manufacturing and services sector showed that activity declined in both…
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The big event scheduled on the economic calendar for Europe on Friday is the release of the IFO business climate survey at 04:00 EST (or 10:00 CET). This data could get a little extra attention this time around because of the economic…
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After a wild move for the US Dollar yesterday, following positive economic releases, in addition to the Federal Reserve FOMC Meeting Minutes which increased the estimates for a possible rate hike in December meeting, the markets will take…
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After a slow start of the week across the board on Monday, Tuesday comes with very few economic releases from Europe and the US, yet it's likely to have a medium impact on the markets ahead of key events later this week. In today’s article,…
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Monday's European session was not that good for the EUR currency, the EUR/USD hitting just under 1.11 to set the daily low. At the moment of the news, the rate was -0.4% lower at 1.1084, the session’s low being set at 1.1082. From a…
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