German Business Confidence Unexpectedly Climbed in November

German Business Confidence Unexpectedly Climbed in November

From bloomberg.com

German business confidence unexpectedly rose from a 2 1/2 year low in November, signaling growth in Europe’s largest economy may rebound. The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October for its first gain in eight months. Economists predicted a drop to 99.5 according to the median of 48 forecasts in a Bloomberg News survey. French business confidence increased from the lowest in more than three years this month, a separate report showed today. German growth slowed less than economists forecast in the third quarter even as ... (full story)

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Comment #1
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Nov 23, 2012 4:22am Nov 23, 2012 4:22am

Gaaikema
| Joined Aug 2011 | Status: Member | 372 Comments

I nearly had a cramp in my finger hovering above the mouse earlier on …

Comment #2
Quote
Nov 23, 2012 4:24am Nov 23, 2012 4:24am

flying
| Joined Sep 2011 | Status: Member | 77 Comments

Quoting Gaaikema

Disliked

I nearly had a cramp in my finger hovering above the mouse earlier on …

Ignored

well, I had posted the following some 10min earlier ...:
what a nice dip after 101.4 being demonstrably better than Reuter’s median forecast of 99.5 and current conditions index 108.1 also demonstrably better than Reuter’s median forecast of 106.3 ;-)

strange that this is no headline in FF - forexlive seems to be quicker ...

Comment #3
Quote
Nov 23, 2012 4:25am Nov 23, 2012 4:25am

Tw0eleven
| Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1103 Comments

60%of retailers caught short euro. http://fxtrade.oanda.com/analysis/forex-order-book

I'm sure it's like that at most brokers....and most are short at 1.2850 and below. You'll find support at 1.2850, 1.2830 and 1.2800 on e/u.

Comment #4
Quote
Nov 23, 2012 4:26am Nov 23, 2012 4:26am

fidafrx
| Membership Revoked | Joined Jul 2011 | 66 Comments

i think america election is pass now it will help to euro gain some strength and goo to 1.3500 area.

Comment #5
Quote
Nov 23, 2012 4:31am Nov 23, 2012 4:31am

Gaaikema
| Joined Aug 2011 | Status: Member | 372 Comments

Quoting flying

Disliked

well, I had posted the following some 10min earlier ...:
what a nice dip after 101.4 being demonstrably better than Reuter’s median forecast of 99.5 and current conditions index 108.1 also demonstrably better than Reuter’s median forecast of 106.3 ;-)

strange that this is no headline in FF - forexlive seems to be quicker ...

Ignored

If you depend on FF you're too late anyway

Comment #6
Quote
Nov 23, 2012 4:32am Nov 23, 2012 4:32am

ibram.forex
| Joined Nov 2011 | Status: Member | 303 Comments

Quoting fidafrx

Disliked

i think america election is pass now it will help to euro gain some strength and goo to 1.3500 area.

Ignored

R u living with us on this planet!!!!!!

Comment #7
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Nov 23, 2012 4:37am Nov 23, 2012 4:37am

fidafrx
| Membership Revoked | Joined Jul 2011 | 66 Comments

Every day a Drama In Forex,

Comment #8
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Nov 23, 2012 4:52am Nov 23, 2012 4:52am

nahidlink
| Joined May 2012 | Status: Member | 38 Comments

Every day a Drama In Forex, big fish are dancing we are lol mango trader

Comment #9
Quote
Nov 23, 2012 5:25am Nov 23, 2012 5:25am

ogedanny
| Joined Oct 2008 | Status: Member | 3 Comments

in the long run, we should be seeing further bullish sentiment for EUR/USD...I thnik this is a good report coming out from EUROZONE largest economy

Story Stats

Posted: Nov 23, 2012 4:21am
Submitted by:
Newsstand

Category: High Impact Breaking News

Comments: 9 / Views: 3,308
Linked event:
EUR German ifo Business Climate