No surprises from Germany’s highly regarded IFO business climate: it advanced for a second month in a row to 105.5 points, within expectations. Current conditions stand at 110.1 points, also as expected. EUR/USD is ticking marginally higher. The German IFO Business Climate was expected to move up, showing more confidence in Germany in the month of December just like the ZEW showed us not too long ago. The headline figure was predicted to reach 105.6 points. It stood on 104.7 last month. A good figure may already be priced in. EUR/USD traded around 1.2325 before the publication. It bounced from the lows it dropped to on the Swiss decision to set a negative deposit rate. The euro is generally lower after Yellen offered hawkish words. It’s important to remember that the ECB is on track to launch a QE program in January. So, any German related strength could be a sell opportunity. 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 UK retail sales leap 1.6% – GBP/USD follows Yohay Elam 8 years No surprises from Germany's highly regarded IFO business climate: it advanced for a second month in a row to 105.5 points, within expectations. Current conditions stand at 110.1 points, also as expected. EUR/USD is ticking marginally higher. The German IFO Business Climate was expected to move up, showing more confidence in Germany in the month of December just like the ZEW showed us not too long ago. The headline figure was predicted to reach 105.6 points. It stood on 104.7 last month. A good figure may already be priced in. EUR/USD traded around 1.2325 before the publication. It bounced from… 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.
