11 AM GMT, Ifo Index (Germany)
- Expectations: 84,1 vs 84 exp. and 83.5 previously
- Current situation: 86,9 vs 86.8 exp. and 87 previously
- Business climate: 85.5 vs 85,5 exp. and 85.2 previously
ECB inflation expectations came in slightly higher:
- 1-yr horizon: 3.3% YoY 3.2% YoY previously
- 3-yr horizon: 2.5% in line with previously reading and higher than expected 2.4%

BREAKING: Strong US Service PMI 🔥EURUSD stays flat ↔️
⚪Silver tests $70 and breaks key resistance
BREAKING: European PMIs stronger than expected 🔼 EURUSD approaches 1.17 level
Economic Calendar: Batch of PMI reports will move attention away from bonds? (21.08.2026)