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German IFO for January to hit the highest since June 2019 – TD Securities

Analysts at TD Securities offer a sneak peek at what to expect from Monday’s German IFO Survey due to be released at 0900 GMT.

Key Quotes:

“We should see some further improvement in Germany's IFO for January after the gains in the ZEW and the PMI for the month.

We look for the headline business climate index to rise to 97.2 (mkt 97.0), its highest level since June, with a larger improvement in expectations than in the current situation.”

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WTI oil prices fell to $52.19 in early Asia to print the lowest level since Oct. 10. The black gold is currently trading at $52.90 per barrel, represe
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USD/IDR Price Analysis: Drops to multi-year-old support trendline near 13,600

USD/IDR trades near 13,630 during the early Monday. In doing so, the pair extends the declines below 50-month SMA and 23.6% Fibonacci retracement of i
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