German Ifo Business Climate Misses Expectations - Forex News by FX Leaders

German Ifo Business Climate Misses Expectations

Posted Thursday, May 23, 2019 by
Arslan Butt • 1 min read

The German Ifo business climate dropped to 97.9 in May, from 99.2 in April. All’s not well in the Eurozone, and these numbers from one of the most powerful nations in the EU confirms just this.

The figure missed expectations which were forecasting the business climate to come in at 99.1. EUR/USD has turned bearish on the release of this news and is trading lower at 1.113 at the time of writing.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments