[column size=”1-2″ last=”0″ style=”1″] Tomorrow at 4:00am EST (11am local time in Germany) the German IFO will be released. The German IFO is derived from about 7,000 businesses rating the current level of economic conditions for the upcoming 6 months.
Tomorrow we are expected to see the third declining month in a row. The forecast is 104.8 which will be the lowest since 2010. A release higher than the forecast would likely turn out bullish for the Euro.
It appears more of the euro-zone is suffering than just Spain and Greece. Germany, the largest economy in Europe could be an additional concern as the business climate drops.[/column]
[column size=”1-2″ last=”1″ style=”2″][/column]
The German IFO is a leading indicator of the economic health for Germany and the Euro. It’s always smart to keep your eye on this piece of news but with current euro conditions this is a BIG deal. With a release lower than expected we could see the EUR hitting new lows against the USD for the fourth day in a row.
Written By: Tony College
Latest posts by admin (see all)
- Money Management in Forex: More Than Just Trading - February 17, 2018
- Identifying Trends through Synchronization - February 17, 2018
- Using Multiple Trendlines to Identify Better Trades - February 15, 2018
Winner’s Edge Trading, as seen on: