German IFO Business Climate Index declines to 88.6 vs. 89.7 expected
Source Fxstreet
- German IFO Business Climate Index retreated to 88.6 in June, pointing to a decline in business morale.
- EUR/USD holds steady slightly above 1.0700 in the European session.
The headline German IFO Business Climate Index declined to 88.6 in June from 89.3 in May. This reading came in below the market expectation of 89.7.
The Current Assessment Index remained unchanged at 88.3 in the same period, while the Expectations Index edged lower to 89 from 90.4.
Market reaction
EUR/USD clings to modest daily gains slightly above 1.0700 despite the weak sentiment data from Germany.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
Gold Price Forecast: XAU/USD surges to all-time high above $4,650 amid Greenland tariff threatsGold price (XAU/USD) rises to a fresh record high near $4,675 during the early Asian session on Monday. The precious metal gains momentum after US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan to take Greenland.
Gold price (XAU/USD) rises to a fresh record high near $4,675 during the early Asian session on Monday. The precious metal gains momentum after US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan to take Greenland.
Meme Coins Price Prediction: DOGE, SHIB and PEPE tumble with Bitcoin, as support levels come into focusDOGE, SHIB and PEPE extend Monday losses as BTC drops below $93,000; DOGE stays under $0.1375/$0.1417 EMAs, SHIB eyes $0.00000678 support, and PEPE risks a slide below $0.00000500 toward $0.00000363.
DOGE, SHIB and PEPE extend Monday losses as BTC drops below $93,000; DOGE stays under $0.1375/$0.1417 EMAs, SHIB eyes $0.00000678 support, and PEPE risks a slide below $0.00000500 toward $0.00000363.
