FX Markets: Ifo Will Drive Markets Today

EURUSD traders today await from Germany the IFO survey for month of June, which will be released at 08:00GMT. In UK the political developments will drive GBPUSD for one more day, While China – USA trade talks will also be on focus as President Trump and Xi Jinping will meet at the G20 meeting in Osaka, Japan at 28 and 29 June.

On Tuesday we have the US consumer confidence with markets consensus at 131.1 while on Wednesday US durable goods order and Canada jobless rate will drive the markets. On Thursday Eurozone business climate and US GDP final reading will be on focus. The week will be closed with GDP figures from UK, the Chicago PMI and University of Michigan sentiment figure from USA.

In Japan earlier today the Leading Economic Index came in line with expectations at 95.5 for month of April while the Coincident Index came in at 102.1, beating analyst’s expectations of 101.9 for April. In Singapore the Consumer Price Index registered at 0.9 above economist’s expectations of 0.7 for May.

EURUSD Daily Chart

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