26 Sep 2013
Flash: EUR/USD IFO surprises to the upside?
FXstreet.com (London) - Research teams are predicting an upside to IFO.
Key Quotes:
“In spite of yesterday’s weaker than expected Manufacturing PMI, it looks like the combination of ongoing growth in the PMI and much stronger ZEW is likely to help the IFO surprise markets to the upside”.
“We look for the headline to rise from 107.5 to 108.5, about double expectations for 108, with similar upside for the Current and Expectations components”.
Key Quotes:
“In spite of yesterday’s weaker than expected Manufacturing PMI, it looks like the combination of ongoing growth in the PMI and much stronger ZEW is likely to help the IFO surprise markets to the upside”.
“We look for the headline to rise from 107.5 to 108.5, about double expectations for 108, with similar upside for the Current and Expectations components”.