Analysts at Danske Bank suggest that today, the April German Ifo data will give us the first indications of where German Q2 GDP growth is headed – indeed the Ifo is typically a more reliable leading indicator of GDP than the PMIs. Key Quotes “In contrast to the weak data points from manufacturing PMIs, the German Ifo showed its first rebound in March since August 2018. Will that be confirmed this month?” “Bank of Canada is widely expected to leave policy rates unchanged at today’s monetary policy meeting. Consequently focus will be on the central bank’s new monetary policy report, rhetoric and not least any signals on the possibility of rate cuts amid markets now pricing roughly a 2/3 probability of a rate cut over the coming 12M. We don’t think BoC will deliver much to the doves today. Given the rise in oil prices, the positive inflation surprises and recent strong labour market reports we think BoC will re-iterate its ‘on hold’ and data dependency stance, and even maintain its modest tightening bias.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD remains under pressure near 1.1200 ahead of IFO FX Street 4 years Analysts at Danske Bank suggest that today, the April German Ifo data will give us the first indications of where German Q2 GDP growth is headed - indeed the Ifo is typically a more reliable leading indicator of GDP than the PMIs. Key Quotes "In contrast to the weak data points from manufacturing PMIs, the German Ifo showed its first rebound in March since August 2018. Will that be confirmed this month?" "Bank of Canada is widely expected to leave policy rates unchanged at today's monetary policy meeting. Consequently focus will be on the central bank's new monetary policy report,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
