Danske Bank analysts point out that yesterday’s IFO data out of Germany supported the stabilisation signals from the new order component from German manufacturing PMIs last week. Key Quotes “Just as in the previous month, the improvement in expectations was quite broad-based across industry, services and especially trade. In contrast to Friday’s PMIs, which indicated a further slowdown in German service sector activity, IFO signals that services firms see robust demand and expect activity still to pick up in the coming six months.” “The truth is probably somewhere in between, but bottom line is that Germany is edging slowly but steadily away from downswing territory. That said, there is still some distance to cover before we are back in upswing territory, especially for manufacturing, which by all indications will stay in recession territory in Q4.” 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 Stablecoins have no chance to surpass Bitcoin – Adam Back FX Street 3 years Danske Bank analysts point out that yesterday's IFO data out of Germany supported the stabilisation signals from the new order component from German manufacturing PMIs last week. Key Quotes "Just as in the previous month, the improvement in expectations was quite broad-based across industry, services and especially trade. In contrast to Friday's PMIs, which indicated a further slowdown in German service sector activity, IFO signals that services firms see robust demand and expect activity still to pick up in the coming six months." "The truth is probably somewhere in between, but bottom line is that Germany is edging slowly… 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.
