Tomorrow traders in the forex world will focus on the “German Ifo Business Climate Index”.
The German Ifo
Business Climate Index is a closely followed leading indicator for economic
activity in Germany prepared by the Ifo Institute for
Economic Research in
Munich. Every month 7,000 survey participants from firms in manufacturing, construction,
wholesaling and retailing are requested to assess their current business situation
as well as their business outlook for the coming six months. The Ifo Business
Climate has been released monthly by the Ifo Institute since 1972.
Three
data series are compiled from the raw survey date:
.Business
climate
.Current
business situation
.Business outlook
Traders
like me and my team care about The Ifo Business Climate Index because, it’s a leading indicator of
economic health-businesses react quickly to market conditions, and changes in
their sentiment can be an early signal of future economic activity such as
spending, hiring, and investment. So I and my team will be trading purely based
on fundamental analysis in the early hours of tomorrow and technical analysis
later in the day
No comments:
Post a Comment