German IFO

German IFO Friday June 22nd

[column size=”1-2″ last=”0″ style=”1″]
Friday’s London session may experience high volatility as the monthly German IFO is released. With the overload of news being released in the past 7 days, investors are giving their close attention to major announcements like this.

The German IFO is a survey querying around 7,000 German businesses on the current economic climate of Germany and their future expectations. With Germany being the largest economy in the Euro-Zone, IFO releases are always very significant. IFO stands for Information and Forschung (Forschung means research).

4am EST is when the IFO is scheduled to be released. There was a sharp fall last month so keep your eyes peeled.

[column size=”1-2″ last=”1″ style=”2″]
The forecast is between 105.9 and 106.2 for tomorrow’s release. With some major bearish action on the EURUSD this afternoon, we could possibly see a follow through tomorrow down to the 1.24 support level.[/column]

Written By: Tony College

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news