When is the IFO German Survey and how could it affect EUR/USD?
The German IFO Survey Overview
Germany’s IFO institute will publish its business survey for March on Wednesday at 09:00 GMT.
The headline IFO – Business Climate Index is forecast to fall to 86.1 in March from 88.6 in February.
The IFO – Current Assessment Index is expected to inch lower to 86.0, from 86.7 previously.
IFO – Expectations Index is projected to come at 86.0 in the reported month, against the previous reading of 90.5.
How could the German IFO Survey affect EUR/USD?
EUR/USD could stay subdued if Germany's IFO Business Survey data come as expected. The risk-sensitive pair struggles as the Euro (EUR) faces challenges amid ongoing uncertainty surrounding the United States (US)-Iran peace negotiations.
The US Dollar (USD) resilience reflects its safe-haven appeal amid persistent geopolitical uncertainty. Recent reports indicate that diplomatic efforts are gaining traction, with discussions centered around implementing a one-month ceasefire to create space for formal negotiations between Washington and Tehran. The Trump administration has reportedly presented Iran with a 15-point peace proposal aimed at ending hostilities in the Middle East. However, Iranian officials have publicly denied any formal breakthrough, though a senior source acknowledged that indirect communication channels have been active.
Technically, the EUR/USD is trading around 1.1600 at the time of writing. The 14-day Relative Strength Index (RSI) at 47 suggests neutral momentum. This indicates a lack of strong directional bias in the near term. The immediate support lies at the nine-day Exponential Moving Average (EMA) at 1.1578, while the initial resistance appears at the 50-day EMA of 1.1672.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XCH Price Surge to $1.58 Signals Whale Accumulation—Can It Break $1.60?
How aggressive is the valuation of Anthropic's IPO? Wall Street bets revenue will soar to $200 billion by 2028
Anthropic is preparing for an IPO, with Wall Street using its projected 2028 revenue (approximately $200 billion) as the key pricing anchor, rather than its current performance. The company’s annualized revenue is growing rapidly, but massive AI investments mean profitability is still distant. The market is referencing the valuation of other high-growth companies like Palantir and SpaceX, betting that Anthropic will eventually achieve scale effects and turn profits. However, whether this high-valuation logic can be sustained remains to be tested by the market.
MUFG to Test On-Chain Repo Transactions Using Japanese Government Bonds
HYPE Faces Pressure After Whale Unloads 1.95M Tokens
Crypto prices
More
