Data on the business climate in Germany - Ester Holdings
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Data on the business climate in Germany

  • German Business Expectations Index, fact 97.3, forecast 98.3.
  • Current Assessment in Germany, fact 104.7, forecast 104.9.
  • German IFO Business Climate Index, fact 101.0, forecast 101.8.

The report on the business climate in Germany was very negative, causing a slowdown in the euro. The main negative factor in the report was the German IFO business climate indicators, which fell to the level of early 2013, which confirmed keeping the negative dynamics of this indicator and the risks of further reducing the business climate in Germany.

Fig. 1. German IFO business climate index chart

 

On very weak statistics in Germany, the EUR/USD pair slowed down the upward dynamic, which was traced before the opening of the European trading session. This negative statistics served as a kind of driver for correction after growth and the formation of significant resistance at the level of 1.1370-80. As a result, this pair may decline to support levels of 1.1360-50, but it is worth noting that the negative sentiment on the American dollar remains.

Fig. 2. EUR/USD chart. Current price – 1.1360

Read also: “Incidents of the 21st century  that had an impact on the financial market”

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