Mixed German IFO leaves EUR/USD as it was

The latest German IFO index has just hit the screens. The markets were not expecting anything in the way of any kind of improvement in the latest reading. Well, current conditions of this index have slipped, but at the same time expectations have shown an improvement. The EUR/USD has not really moved much on this data and to be honest that is not entirely much of a surprise really, as this data was mixed. Bottom line though folks; you can expect something better in future for just about anything one cares to look at, but the immediate situation is the truth on the ground. Look, as we said you can apply that tenet to anything you like. 

So, the EUR/USD was trading around 1.1207 when this data hit the screens. It is right now at 1.1208