Live Updates > Live Update Details
2025-12-17 16:08:11
[Germany Ifo Business Climate Survey Preview] ⑴ The German Ifo Institute will release its December business climate survey report at 17:00 Beijing time on Wednesday. ⑵ The market expects the Ifo Business Climate Index to rise slightly to 88.2 this month from 88.1 in November. The current situation assessment index is expected to rise slightly to 85.8 from 85.6, while the expectations index is expected to fall slightly to 90.5 from 90.6. ⑶ If the Ifo business survey data meets expectations, the downside for EUR/USD may be limited. If the data is stronger than expected, the euro may be boosted, which could reinforce the cautious market sentiment triggered by previous hints from ECB officials that interest rate cuts may not be necessary in 2026. Traders may also focus on the Eurozone's core harmonized consumer price index data later in the day. ⑷ EUR/USD is trading near a low of 1.1710. However, as the pair remains within an upward channel, the bullish bias still dominates. In addition, the 14-day Relative Strength Index (RSI) is above 50, reinforcing the bullish bias. The currency pair may approach 1.1803, the high reached on December 16th, the highest level since September 24th. On the downside, near-term support lies at the nine-day exponential moving average of 1.1701, which coincides with the psychological level of 1.1700. Further declines could see the pair test the 50-day exponential moving average at 1.1635.
