German IFO Business Climate Index rises to 90.2 in January vs. 90.2 expected

German IFO Business Climate Index came in at 90.2 in January.
IFO Current Economic Assessment for Germany dropped to 94.1 this month.
January German IFO Expectations Index improved to 86.4.

Dhwani Mehta FXStreet

The headline German IFO Business Climate Index advanced to 90.2 in January versus the previous reading of 88.6 and the forecast of 90.2.

Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as against December's 94.4 and 95.0 expected.

The IFO Expectations Index – indicating firms’ projections for the next six months, rose to 86.4 in January from the previous month’s 83.2 and against the estimates of 85.0.

Market reaction

EUR/USD is unimpressed by the mixed upbeat German IFO survey. At the time of writing, the pair is trading at 1.0875, down 0.06% on the day.

About German IFO

The headline IFO business climate index was rebased and recalibrated in April after the IFO Research Institute changed the series from the base year of 2000 to the base year of 2005 as of May 2011 and then changed the series to include services as of April 2018. The survey now includes 9,000 monthly survey responses from firms in the manufacturing, service sector, trade and construction.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

GBP/USD: Gains remain capped below 1.3200 ahead of US PCE

GBP/USD clings to minor recovery gains, but remains below 1.3200 in the European session on Thursday. However, the potential upside for the pair appear limited amid UK political instability and rising expectations of US interest rate hikes this year. Traders await the US May PCE inflation data on Thursday for a clear direction.

EUR/USD defends 1.1350 as eyes turn to US PCE inflation

EUR/USD trades better bid above 1.1350 in European trading on Thursday. A pause in the US Dollar rally is helping the pair stay afloat. Markets look to the key US Personal Consumption Expenditures report for fresh trading impetus.

Gold consolidates around $4,000 ahead of US PCE data

Gold enters a bearish consolidation phase during the first half of the European session, and currently trades around the $4,000 psychological mark. The commodity sticks to its bearish bias for the third straight day, and remains close to the lowest level since November 2025, touched on Wednesday, as traders await the crucial US inflation data.

Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

Bitcoin nears make-or-break level ahead of US PCE data

Bitcoin recovers slightly, trading at $61,700 after reaching a new yearly low of $59,103 and a 21-month low the previous day. This bearish price action is supported by the ongoing institutional sell-off, which recorded an outflow of over $469 million on Wednesday.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.