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 |
|
|
1.0583 +48 pips |
1.0812 -277 pips |
1.05346 | |
| EURAUD |
|
|
1.6148 -12 pips |
1.6321 -161 pips |
1.61599 | |
| EURJPY |
|
|
155.7992 -668 pips |
165.5364 -306 pips |
162.476 | |
| EURCAD |
|
|
1.4613 -94 pips |
1.4860 -153 pips |
1.47070 | |
| EURCHF |
|
|
0.9386 +85 pips |
0.9521 -220 pips |
0.93005 | |
| EURCZK |
|
|
0 -253157 pips |
25.1442 +1715 pips |
25.31570 | |
| EURGBP |
|
|
0.8332 -9 pips |
0.8408 -67 pips |
0.83406 | |
| EURHUF |
|
|
399.8570 -1104 pips |
411.2588 -36 pips |
410.90 | |
| EURNOK |
|
|
10.5561 -10733 pips |
11.7475 -1181 pips |
11.6294 | |
| EURNZD |
|
|
1.7830 -108 pips |
1.8045 -107 pips |
1.79379 |
News (EUR)
Eurozone Inflation Rises To 2% As Estimated
Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October.
RTTNews | 2 days ago
Eurozone Trade Surplus Increases In September
The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
RTTNews | 3 days ago
EU Forecasts Eurozone Growth To Pick Up Despite Heightened Uncertainty
The Eurozone economic growth is projected to pick up next year with acceleration of domestic demand despite risks to global trade from protectionist measures. In the Autumn Forecast, the European Commission retained the economic growth outlook for 2024 at 0.8 percent. The currency bloc continued to grow at a subdued pace through the second and third quarters amid easing inflationary pressures.
RTTNews | 6 days ago
