Open Demo Account
Home / Market Update / Market Drivers – European Session 25-1-2022

Market Drivers – European Session 25-1-2022

Adel 25 January, 2022 7:00 pm Market Update

The European session has been fairly quiet as stocks seem somewhat more cautious after the bounce on Wall Street yesterday.

US futures have fallen since Asian trading and maintained this trend throughout European morning trading. The dollar received some support before the Federal Reserve.

EUR/USD fell to fresh five-week lows from 1.1310 to 1.1270 while GBP/USD fell to a three-week low from 1.3490 to 1.3437, before holding near 1.3450 levels now.

The headline German IFO Business Climate Index unexpectedly jumped to 95.7 in January versus last month’s 94.7 and the consensus estimates of 94.7.

Meanwhile, the Current Economic Assessment dropped to 96.1 points in the reported month as compared to last month’s 96.9 and 96.1 anticipated.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends