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Jun 24 - 06:55 AM

EUR/USD - IFO Up But EUR/USD Down As Spec Bets Weigh

By Jeremy Boulton  —  Jun 24 - 05:25 AM
  • Germany's June IFO 101.8 vs 100.6 f/c and prior 99.2

  • Expectations at decade high 104.0 for 102.9 and vs 103.9 f/c

  • Current conditions 99.6 rising above level before pandemic

  • EUR/USD dips after data, today's range 1.1943-18 EBS

  • Traders sitting long into the event and recovering from Fed surprise

  • EUR/USD has found neutral ground intraday, mid 20-hour Bollinger bands

  • EUR/USD may get stuck near 1.17-20 for a while nL2N2O30HY




EURUSD hourly Click here

IFO current conditions Click here

Source:
Refinitiv IFR Research/Market Commentary

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