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Oct 25 - 06:55 AM

EUR/USD - IFO Beat Lifts EUR/USD A Little

By Jeremy Boulton  —  Oct 25 - 05:15 AM
  • German Oct IFO unchanged from Sep at 84.3 beating 83.3 f/c

  • Current conditions slip from 94.5 to 94.1 beating 92.4 f/c

  • Expectations 75.6 vs 75.0 f/c and prior 75.2

  • EUR/USD rises 0.9858-0.9876 EBS following data

  • Oct 25 range 0.9853-98. Pair closing on resistance levels

  • Top 20-day bollinger bands 0.9949 and 55-DMA 0.9925, Oct high 0.9999

  • The foundations for a bigger dollar rise are in place

Source:
Refinitiv IFR Research/Market Commentary

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