EUR
Yesterday  In Europe we had the German IFO figures released,  this is
where firms express their outlook on the economy for the next 6 months,
voting if they feel things will remain the same, be better or get worse. It is
an early indicator of current conditions and business expectations and is
measured by roughly 7000 firms. The reading came in better than the current level
but not as good as expected. It was currently at a reading of 101.3 and came in

EUR
Yesterday  In Europe we had the German IFO figures released,  this is
where firms express their outlook on the economy for the next 6 months,
voting if they feel things will remain the same, be better or get worse. It is
an early indicator of current conditions and business expectations and is
measured by roughly 7000 firms. The reading came in better than the current level
but not as good as expected. It was currently at a reading of 101.3 and came in
at 102 with the consensus initially expecting a figure of 102.5.

Also in Europe the main talking point is the Greek elections where Alexis
Tsipras won. He has set up a confrontation with his European peers as he
prepared to create a coalition tailored around ending austerity, stating the
phase of accepting international demands for budget cuts is done. This has
caused uncertainty in the market, pushing the Euro to 11 year lows as fear
grows that Greece may default on thi

INR
India’s rupee reached close to its highest level since November. With
India heavily dependent on oil imports for its energy needs, the current record
low oil prices are providing a welcome boost to their economy and strengthening
the Rupee. 

Key Announcements:
GBP – 09:30 UK: GDP (YOY) (Q4) currently at 2.6% with a consensus to go to
2.8%.
USD – 13:30 – US: Consumer confidence (Jan) is currently at 92.6 and has a
consensus to rise to 95.1
USD – 13:30 – US: Durable Goods orders (Dec) which are currently at
-0.9% have a consensus to go to 0.5%.

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