German Aug IFO business climate 103.8 vs 101.9 expected

German August 2018 IFO economic indices on 27.08.2018

• prior 101.7
• Current assessment 106.4 vs 105.4 exp, prior 105.3, revised to 105.4
• Expectations 101.2 vs 98.5 exp, prior 98.2

IFO comments:
-Domestic economy is performing robustly
-Sees Q3 GDP growth of 0.5% (in-line with Q2 pace)

EURUSD rebounds a little from 1.1600 to 1.1610

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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