CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

More downside coming from German IFO expectations – TD Securities

2019-06-24 13:10

TD Securities recently released its report ahead of the European session on Monday. The bank anticipated a small decline in the German IFO data with more downside coming from expectations as it says:




We look for a small decline in the headline to 97.3 in June, with more downside coming from expectations as the expectations component of the PMI survey sank to a nearly 5-year low.




As per the market consensus June month German IFO Business Climate could dip to 97.3 from 97.9 while the Expectations may soften to 94.5 from 95.3. As a result, the IFO Current Assessment is expected to come in at 100.00 versus 100.60.


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD +0.30% 1.29491
    EURUSD -0.21% 1.16458
    XAUUSD +0.50% 1878.28
    XTIUSD -0.82% 35.889
    NAS100 -1.13% 11100.5
    US30 +0.58% 26606.9