German Consumer Climate unchanged in January

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Wednesday, Jan 27 2016

Consumer mood has changed only slightly in January of this year, while the consumer climate has remained stable. Following a value of 9.4 points in January, the overall indicator is still forecasting 9.4 points for February. Analysts were forecasting decline to 9.3. While both economic expectations and willingness to buy have risen by a small amount, income expectations have suffered losses.

The heightened terror threat and the increasingly intense debate on how to solve the refugee crisis have still not had a lasting effect on consumer sentiment, which is currently showing no clear trend and has altered very little in comparison with the previous month.

Euro is currently being traded around 1.0870 area. Pair is likely to find support around 1.08 handle and resistance above 1.0930 level. Later today, in the US session, FOMC interest rate decision and the following statement are scheduled for a release.

More in this category: « Australian CPI rose by 0.4% in Q4 UK house prices increased by 0.3% »

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