German businesses are much more confident now. Was the August dip related to Brexit or not? In any case, the headlines business climate indicator jumps to 109.5, much better than expected. Business Expectations are up to 104.5, and the Current Assessment is at 114.7, all well above initial estimations. EUR/USD hardly budges five pips to the upside, but the good news could reverberate later on. The ZEW indicator was not that upbeat for September, but the IFO data carry more weight. Germany’s No. 1 Think-Tank, IFO, was expected to show a marginal improvement in business confidence: a rise to 106.3 points in September after 106.2 in August. Business expectations carried expectations for an increase from 100.1 to 100.2, and the Current Assessment measure was projected to advance from 112.8 to 113. EUR/USD traded around 1.1230 ahead of the publication, well within known ranges. More: This Can Trigger A Sharp EUR Rally Next Year; How To Position? – SocGen Here is the euro/dollar chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next US Elections, an opportunity for a move in the EURUSD Yohay Elam 7 years German businesses are much more confident now. Was the August dip related to Brexit or not? In any case, the headlines business climate indicator jumps to 109.5, much better than expected. Business Expectations are up to 104.5, and the Current Assessment is at 114.7, all well above initial estimations. EUR/USD hardly budges five pips to the upside, but the good news could reverberate later on. The ZEW indicator was not that upbeat for September, but the IFO data carry more weight. Germany's No. 1 Think-Tank, IFO, was expected to show a marginal improvement in business confidence: a rise to 106.3… 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.
