IFO follows ZEW with showing a bounce from the bottom in German business confidence. The headline business climate rises to 104.7 points, the current assessment stands at 110 and expectations at 99.7 points – all are better than expected. EUR/USD is rising from the lows and getting closer to 1.24, but isn’t going too far. The German IFO Business Climate was expected to tick down to 103 points in November, after scoring 103.2 in October. The “Current Assessment” component carried expectations for a slide from 108.4 to 108 and the “Expectations” figure to rise from 98.3 to 98.6 points. EUR/USD traded lower in range towards the publication, at 1.2375. The euro was hit by Draghi on Friday. The president of the ECB reaffirmed the commitment of his institution to do everything to battle deflation and to do it fast. Support comes at 1.2360, which is the lowest level seen this year. More lines are 1.2320 and 1.2250. On the topside, we have 1.2440 and 1.25. More: Stay Short EUR/USD & Sell Bounces – Barclays’ Trade Of The Week. Here are the recent moves on the 30 minute 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 EURUSD rises after positive German Ifo data FxPro - Forex Broker 7 years IFO follows ZEW with showing a bounce from the bottom in German business confidence. The headline business climate rises to 104.7 points, the current assessment stands at 110 and expectations at 99.7 points - all are better than expected. EUR/USD is rising from the lows and getting closer to 1.24, but isn't going too far. The German IFO Business Climate was expected to tick down to 103 points in November, after scoring 103.2 in October. The "Current Assessment" component carried expectations for a slide from 108.4 to 108 and the "Expectations" figure to rise from 98.3 to 98.6 points. EUR/USD… Top 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.
