Germany’s Ifo business climate index stood at 85.2 in February, with expectations rising but current conditions declining.
The dollar weakened on soft data, tariff concerns, and geopolitical factors, while traders await key economic releases.
German election optimism fades; EUR/USD struggles below 1.0500, DAX loses momentum as traders assess coalition challenges.
Oil prices stabilize above $70 as Russia-Ukraine talks progress. OPEC decisions and inventory reports influence market trends.
Key inflation data from Australia, Japan, and the US; economic indicators include consumer confidence, GDP, and durable goods.
AUD is expected to trade between 0.6355 and 0.6400, with potential growth toward 0.6455 if support holds.
Gold consolidates near highs; market awaits catalysts. Real yields decline, Fed stance key. Key reports ahead.
Cocoa prices fell 7.6% to £7,300, the lowest since November, raising concerns about demand destruction.
German stocks rise after election; DAX up 0.5%, Eurostoxx down 0.2%. Markets mixed; Nvidia earnings awaited.
German IFO index, Trump-Macron press conference, G7 call, and multiple central bank speakers throughout the day.
