German IFO’s Economist: Economy sees light at the end of the tunnel

Following the release of the final German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the economy sees light at the end of the tunnel.

Additional quotes

"The business climate in the industrial sector improved significantly but industrial firms are far from optimistic."

"Easing of lockdown is improving mood among retailers."

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EUR/USD: At major support, the tendency is to the downside

EUR/USD Monday's four-hour chart is showing the pair is just above critical support, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The four
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