When is German IFO and how this could affect EUR/USD?


German IFO Business Climate Overview

The German Ifo surveys are lined up for release later today at 9GMT. The headline Ifo Business Climate Index is expected to edge lower to 109.6 in Feb. The Current Assessment sub-index is also seen lower at 116.7 this month, while the Ifo Expectations Index – indicating firms’ projections for the next six months – is expected to follow suit and come in a tad weaker at 116.7 in Feb, as compared to January’s 103.2 reading.

Deviation impact on EUR/USD

Readers can find FX Street's proprietary deviation impact map of the event below. As observed the reaction is likely to remain confined between 3 and 40 pips in deviations up to 2.4 to -3.2, although in some cases, if notable enough, a deviation can fuel movements of up to 60 pips.

 How could affect EUR/USD?

The Surveys are expected to show deterioration in the business conditions in Germany, which could add to the recent bearish momentum behind the EUR/USD pair, and hence, could knock-off the rate to 1.0500 levels. On an upside surprise, the EUR/USD pair could extend the corrective gains and eye a test of 1.06 handle.

Key notes

Market movers for the day – Rabobank

“Next up it is the German IFO survey, which is expected to edge down slightly but may surprise to the upside after the good set of PMI data in Europe yesterday.”

About German IFO Business Climate

This German business sentiment index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish).

1 Week
Avg Forecast 1.0635
0.0%100.0%43.0%0-1001020304050607080901001100
  • 43% Bullish
  • 57% Bearish
  • 0% Sideways
Bias Bearish
1 Month
Avg Forecast 1.0659
100.0%80.0%40.0%04050607080901000
  • 40% Bullish
  • 40% Bearish
  • 20% Sideways
Bias Neutral
1 Quarter
Avg Forecast 1.0419
100.0%79.0%11.0%01020304050607080901000
  • 11% Bullish
  • 68% Bearish
  • 21% Sideways
Bias Bearish

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD moves in a consolidative theme near 1.1570

EUR/USD moves in a consolidative theme near 1.1570

Following multi-year highs north of the 1.1600 barrier, EUR/USD now looks range bound around the 1.1570 zone as the NA session draws to a close on Thursday. The strong upside in the pair came on the back of broad-based decline in the US Dollar, which was particularly sponsored by lower US inflation data, further cooling of the labour market, and prospects of further rate cuts by the Fed.

GBP/USD looks bullish just below 1.3600

GBP/USD looks bullish just below 1.3600

GBP/USD maintains its constructive stance in place in the latter part of Thursday’s session, hovering just below 1.3600 the figure on the back of heightened losses in the Greenback. In the meantime, investors continue to pencil in two potential rate cuts by the Fed for the remainder of the year.

Gold consolidates its gains near $3,380

Gold consolidates its gains near $3,380

Gold maintains its weekly rebound well in place, now trading in the sub-$3,400 region per troy ounce in response to the persistent selling bias in the US Dollar, declining US yields across the curve and growing geopolitical tensions.

Cardano Price Forecast: Whales acquire 310 million ADA amid potential triangle breakout

Cardano Price Forecast: Whales acquire 310 million ADA amid potential triangle breakout

Cardano (ADA) shows weakness as it reverses from an overhead trendline of a triangle pattern. The altcoin edges lower by over 1% at press time on Thursday, fueling a steeper correction in its Open Interest. Amid weakness, Cardano whales have acquired 310 million ADA tokens so far this month, projecting increased confidence as the triangle pattern nears resolution. 

US tariffs here to stay, trade deals ‘largely symbolic’

US tariffs here to stay, trade deals ‘largely symbolic’

Despite legal challenges to IEEPA tariffs, US trade policy remains firm. Tariffs on steel and aluminium have doubled, and new sectoral tariffs are expected. Trade deals may emerge, but most will be symbolic. Effective tariff rates will stay high throughout 2025.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025