Germany Full Year GDP Growth
Germany's economy - the fifth largest in the world and the largest in Europe - is a top exporter of machinery, vehicles, chemicals, and home goods, and it benefits from a highly skilled labor force. A look at the GDP composition on the expenditure side reveals that it is dominated by household consumption (55%), gross capital formation (20%, with 10% of that coming from construction, 6% from machinery and equipment, and 4% from other products), and government expenditure (19%). Approximately 46% of GDP is accounted for by exports of goods and services, with imports accounting for 39% and contributing 7% to total GDP.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0368 -34 pips |
1.0729 -327 pips |
1.04022 | |
| EURAUD |
|
|
1.6392 -239 pips |
1.6650 -19 pips |
1.66309 | |
| EURJPY |
|
|
156.7371 -538 pips |
163.8845 -177 pips |
162.115 | |
| EURCAD |
|
|
1.4797 -130 pips |
1.4964 -37 pips |
1.49269 | |
| EURCHF |
|
|
0.9403 -31 pips |
0.9631 -197 pips |
0.94339 | |
| EURCZK |
|
|
25.2779 +1322 pips |
0 +251457 pips |
25.14573 | |
| EURGBP |
|
|
0.8394 -49 pips |
0.8460 -17 pips |
0.84427 | |
| EURHUF |
|
|
400.4734 -1102 pips |
406.2462 +524 pips |
411.49 | |
| EURNOK |
|
|
11.4331 -3573 pips |
11.7142 +762 pips |
11.7904 | |
| EURNZD |
|
|
1.8072 -334 pips |
1.8403 +3 pips |
1.84057 |
News (EUR)
German Economic Confidence Weakens In January
German economic sentiment deteriorated more than expected in January as the economy remained in recession for the second straight year and inflationary pressure rose recently, results of a survey by the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment fell to 10.3 from 15.7 in December. The reading was expected to drop moderately to 15.2.
RTTNews | 1 day ago
ECB Minutes Show Policymakers Saw Room For More Easing
European Central Bank policymakers were looking forward to more interest rate cuts, but they saw the need for a cautious approach due to several uncertainties that could derail inflation from its path to the 2 percent target, the minutes of the December 11-12 policy session showed on Thursday.
RTTNews | 5 days ago
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
RTTNews | 7 days ago
