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 | 375 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 4th July 2025

ATFX Market Outlook 4th July 2025

The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.
ATFX | 22h 9min ago
Rate Shifts Steer FX Markets as Silver Holds Strong

Rate Shifts Steer FX Markets as Silver Holds Strong

On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.
Moneta Markets | 1 day ago
ATFX Market Outlook 3rd July 2025

ATFX Market Outlook 3rd July 2025

Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions
ATFX | 1 day ago
ATFX Market Outlook 2nd July 2025

ATFX Market Outlook 2nd July 2025

Fed Chairman Powell emphasised the need for more data before considering interest rate cuts, with a July cut still a possibility. On Tuesday, the Nasdaq and S&P 500 closed lower due to weakness in large tech stocks, with the Nasdaq down 0.82% and the S&P 500 down 0.11%. In contrast, the Dow rose by 0.91% amid volatile trading and low liquidity.
ATFX | 2 days ago
US500, EURUSD, USDJPY

US500, EURUSD, USDJPY

New record high for US 500 amid relief rally; Eurozone preliminary CPI to be within ECB’s target; EURUSD hits 4-year high; US NFP report the highlight of the week; USDJPY eases
XM Group | 4 days ago
Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

WTI crude nears $75 on strong US inventory draw, boosting risk sentiment. The US Dollar remains weak amid Fed independence fears, lifting AUD/USD to 0.6880 and EUR/USD near 1.1700. USD/JPY retreats while USD/CNY stays steady on a firmer PBOC fix. Focus shifts to US PCE data and global central bank commentary.
Moneta Markets | 7 days ago