Germany to Reveal the Ifo Business Climate

The market participants who are trading in the euro quotes and related to the business sector of the market will be curiously waiting for the announcement of the Ifo Business Climate from Germany made on Friday at 09:30 GMT. The significant data will be disclosed by the Ifo Institute of Economic Research and is anticipated to be 86.2 by financial experts. If the figures are lower than expected, it will have a negative impact on the euro quotes. On the other hand, when the reading of Ifo Business Climate is higher, it will have a positive impact. 

With the release of the indicator, the current economic situation could be assessed beside the predictions for the next six months from the point of view of German companies. Furthermore, the release of the Ifor Business Climate is deemed highly important economic news coming from the business sector of the market.

The ECB President Lagarde to Deliver Speech

The European Central Bank's president, Christine Lagarde, is due to deliver a speech on Friday at 10:00 GMT, based on sources from the organization. It is advised that market participants who are dealing in the euro quotations remain vigilant to what Lagarde remarks since it will likely contain updates regarding future monetary policy, which might result in losses. It will possibly either with relaxing or tighten the rules. In any case, they are probably going to have a positive effect on the currency. Furthermore, the official stance of the European Central Bank will be disclosed in the speech delivered by the ECB President.