Market Updates: German Ifo Business Climate Slips to 98.5 - Forex News by FX Leaders

Market Updates: German Ifo Business Climate Slips to 98.5

Posted Friday, February 22, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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