The TD Securities Analysts offer their afterthoughts on the German IFO Survey after the German business morale fell to the lowest levels since 2012 in August. Key Quotes: “The August German IFO survey fell more than expected, dropping to 94.3 (mkt 95.0) from a slightly upwardly revised 95.8 in July. Both the expectations and current assessment indices fell more than expected, to 91.3 (mkt 91.8) and 97.3 (mkt 98.8), respectively. While the forward-looking indicators in the latest PMI indicated some weakness in the IFO, the survey is now languishing at its weakest level in close to 7 years, reinforcing expectations that the economy will slide into recession after a Q2 contraction in growth. Worsening trade war headlines suggest little respite for German manufacturers. EUR was already under pressure and maintained its declines after the release.” 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 US Pres. Trump: Discussed a trade deal with the EU FX Street 4 years The TD Securities Analysts offer their afterthoughts on the German IFO Survey after the German business morale fell to the lowest levels since 2012 in August. Key Quotes: "The August German IFO survey fell more than expected, dropping to 94.3 (mkt 95.0) from a slightly upwardly revised 95.8 in July. Both the expectations and current assessment indices fell more than expected, to 91.3 (mkt 91.8) and 97.3 (mkt 98.8), respectively. While the forward-looking indicators in the latest PMI indicated some weakness in the IFO, the survey is now languishing at its weakest level in close to 7 years, reinforcing expectations… 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.
