German Business Climate: steadily grim

Expert market comment from Alex Kuptsikevich of the FxPro Analyst Team: German Business Climate: steadily grim
FxPro | 905 days ago
Stocktwits

German Business Climate: steadily grim

The Ifo Business Climate Index from Germany was above expectations in October - slightly down from 84.4 a month earlier to 84.3. The index components’ current situation and business expectations also marginally changed. But the overall level shows that the climate remains gloomy.

The expectations index rose from 75.3 to 75.6 for the month, while the assessment of current conditions fell 0.4 points to 94.1.

Economists are watching the business expectations component most closely as its sharp rise from the lows of the previous crises (2009 and 2020) signalled the start of a recovery in the German economy.

For traders on the foreign exchange and stock markets, the substantial rise of this index signalled the start of a rally in EURUSD and euro-region equities. Thus, supported by a strongly rising index in May 2020, EURUSD began its 10% rally in the following two months, pushing sentiment sideways. The index had previously reached its low point in December 2008, but only a powerful jump in March 2009 coincided with a general reversal of the markets and a subsequent 8-month rise in the pair of around 20%.

Today's publication did not provide a meaningful signal of improvement in the German economy, so it is unlikely that the release is slightly better than expected, and traders will take the stoppage of the decline as a signal that the German economy has passed its low point.

 

By the FxPro Analyst Team

Regulation: FCA (UK), SCB (The Bahamas)
Tags: Analysis EURUSD
Stocktwits
read more
ATFX Market Outlook 17th April 2025

ATFX Market Outlook 17th April 2025

U.S. March retail sales saw their most significant increase over two years as households boosted purchases to counter tariff-related price hikes. Despite Federal Reserve Chairman Powell noting a slowdown in economic growth and denying a "Fed put," traders are betting on a potential one-percentage-point rate cut starting in June.
ATFX | 1 day ago
ATFX Market Outlook 16th April 2025

ATFX Market Outlook 16th April 2025

U.S. import prices in March fell unexpectedly due to lower energy costs, signalling easing inflation ahead of Trump's tariff policies. Despite robust bank earnings, U.S. stocks closed slightly lower amid uncertainties surrounding tariffs, with the Dow down 0.38%, the S&P 500 down 0.17%, and the Nasdaq declining.
ATFX | 2 days ago
Continued Trade Tensions Steer Markets: April 15, 2025

Continued Trade Tensions Steer Markets: April 15, 2025

Global financial markets are navigating a complex landscape on April 15, 2025, as US President Donald Trump’s tariff exemptions on tech and auto sectors spark a cautious risk-on sentiment, while escalating US-China trade tensions—marked by China’s 125% retaliatory tariffs against the US’s 145% duties—fuel recession fears.
Moneta Markets | 3 days ago
ATFX Market Outlook 15th April 2025

ATFX Market Outlook 15th April 2025

The New York Fed's March survey indicated rising short-term inflation expectations and low consumer confidence. Federal Reserve Governor Waller mentioned that Trump's tariff policies could force rate cuts to prevent a recession despite high inflation.
ATFX | 3 days ago
ATFX Market Outlook 14th April 2025

ATFX Market Outlook 14th April 2025

U.S. stocks surged on Friday as major banks began reporting Q1 earnings, concluding a volatile week marked by trade tensions. All three major indices recorded substantial weekly gains, with the S&P 500 and Dow experiencing their largest rebound since November 2023. However, consumer confidence declined in April to its lowest level in nearly three years, while inflation expectations surged.
ATFX | 4 days ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.