Market Updates: German Ifo Business Climate Slips to 98.5
The Ifo Business Climate Index fell from 99.3 points (seasonally adjusted) in January to 98.5 points in February...
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Last updated: Friday, February 22, 2019
According to the Ifo Institute for Economic Research, the German Ifo Business Climate missed the forecast. Worries in the German business world continue to grow as the Ifo Business Climate Index fell from 99.3 points (seasonally adjusted) in January to 98.5 points in February. This is the lowest level since December 2014.
On the technical front, the EUR/USD drops below $1.3447 trading level with immediate support falling at $1.1326.
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Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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