CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: EUR muted after German IFO meets expectations

09:04 25 January 2023

German IFO indices for January were released today at 9:00 am GMT. The headline Business Climate index jumped from 88.6 to 90.2, while the market expected a 90.3 reading. Current Conditions subindex dropped from 94.4 to 94.1 (exp. 94.0) while Expectations subindex moved from 83.2 to 86.4 (exp. 85.3). The reading was more or less in-line with forecasts and as a result no major reaction on the market could be spotted. EURUSD was muted, trading in a 0.1%-wide range following the reading, while DE30 ticked lower.

EURUSD has been muted following German IFO release (orange circle) and continues to trade a touch below 200-period moving average on 15-minute interval. Source: xStation5

Start investing today or test a free demo

Open real account Try demo Download mobile app Download mobile app

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back