Daily Fundamental Analysis January 26, 2010

Fundamental Analysis: German Ifo Business Climate Index

Traders look forward to the publication of the German Information and Foschung (Ifo) Business Climate Index tomorrow (January 26). The index determines the business sentiment and conditions in the Euro-zone. The reading is concluded from a survey of about 7,000 businesses.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a slight rise to a reading of 95.00 versus a previous reading of 94.70.

(via Forexpros)

Lydia Idem Finkley

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