Euro rises against German Business Climate decline

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Euro rises against German Business Climate decline
FxPro | 395 days ago

The Ifo German Business Climate Index declined in June as expectations worsened, confirming a reversal of the downward trend.

The Ifo index fell from 89.3 to 88.6 instead of the expected increase to 89.4, making it the second month of contraction, albeit a very modest one. At this point, it is correct to speak of a halt in growth, but it is hardly justified to mark the beginning of a decline.

The fresh figures complemented last week's unexpected and sharp plunge in PMIs.

This potentially negative news did not prevent the single currency from recovering against its major peers on Monday, with EURUSD rising back above 1.0720. EURGBP has risen to 0.8470 and is actively closing the gap formed after the French election announcement. EURJPY surpassed 171, above which it traded for a few minutes on 29 April and before that in September 1992.

The euro's movement against the news on Monday looks like a pullback after the excessive negativity ahead of the French elections and more like a technical rebound, which worked out about half of its potential, forming resistance at 0.8500 in EURGBP and around 1.0770 in EURUSD.

By the FxPro Analyst Team

Regulation: FCA (UK), SCB (The Bahamas)
read more
ATFX ​Market Outlook 24th July 2025

ATFX ​Market Outlook 24th July 2025

The S&P 500 and Nasdaq closed at record highs on Wednesday, lifted by gains in Nvidia and GE Vernova, while optimism grew over a potential trade agreement between the US and the EU. The Dow rose 1.14%, the S&P 500 gained 0.78%, and the Nasdaq added 0.6%.
ATFX | 17h 28min ago
ATFX Market Outlook 23rd July 2025

ATFX Market Outlook 23rd July 2025

The S&P 500 closed at a record high on Tuesday, despite a sharp drop in General Motors and gains in Tesla, as investors focused on recent and upcoming corporate earnings and signs of progress in U.S. trade negotiations. U.S. equity indices were mixed: the Dow rose 0.4%, the S&P 500 edged higher, and the Nasdaq fell 0.39%.
ATFX | 1 day ago
ATFX Market Outlook 22nd July 2025

ATFX Market Outlook 22nd July 2025

The S&P 500 and Nasdaq closed at record highs on Monday, led by gains in Alphabet and other mega-cap tech stocks. Investors remain optimistic that a potential trade deal could offset the economic damage from the Trump administration's global tariffs, as several major companies are set to report earnings this week. Among the main indices, the Dow dipped slightly, while the Nasdaq increased by 0.38%
ATFX | 2 days ago
Gold Advances Amid Global Trade Concerns, USD Mixed Across Majors

Gold Advances Amid Global Trade Concerns, USD Mixed Across Majors

Gold prices extended their climb Monday, holding near the $3,350 mark, as renewed global trade tensions and cautious risk sentiment spurred demand for safe-haven assets. The US Dollar traded mixed across major pairs, with investor hesitation reflecting growing uncertainty over potential tariffs and uneven economic data.
Moneta Markets | 3 days ago
ATFX Market Outlook 21st July 2025

ATFX Market Outlook 21st July 2025

Last Friday, the U.S. dollar weakened, supported by dovish comments from the Federal Reserve, although some Fed officials remained cautious due to concerns about inflation. The dollar continued to trade on the softer side, with the euro rising over 0.26% against the greenback.
ATFX | 3 days ago