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 |
|
|
1.0433 +2 pips |
1.0765 -334 pips |
1.04314 | |
| EURAUD |
|
|
1.6383 -293 pips |
1.6611 +65 pips |
1.66762 | |
| EURJPY |
|
|
155.7248 -734 pips |
164.6606 -159 pips |
163.068 | |
| EURCAD |
|
|
1.4777 -210 pips |
1.4980 +7 pips |
1.49871 | |
| EURCHF |
|
|
0.9357 +41 pips |
0.9571 -255 pips |
0.93159 | |
| EURCZK |
|
|
25.2779 +1637 pips |
0 +251142 pips |
25.11420 | |
| EURGBP |
|
|
0.8279 -16 pips |
0.8368 -73 pips |
0.82952 | |
| EURHUF |
|
|
401.0018 -1263 pips |
414.9900 -136 pips |
413.63 | |
| EURNOK |
|
|
11.3600 -4509 pips |
0 +118109 pips |
11.8109 | |
| EURNZD |
|
|
1.8048 -389 pips |
1.8357 +80 pips |
1.84367 |
News (EUR)
German GfK Consumer Sentiment To Rise In January
German consumer confidence recovered marginally towards the end of the year and it is forecast to rise again in January, survey data jointly published by the market research group GfK and the Nuremberg Institute for Market Decisions showed on Thursday. The forward-looking consumer sentiment index posted -21.3 in January, up from -23.1 in December. The score was expected to rise to -22.6.
RTTNews | 2 days ago
Eurozone Inflation Rises Less Than Estimate
Eurozone inflation grew at a slightly slower than initially estimated pace in November, revised data published by Eurostat showed on Wednesday. The harmonized index of consumer prices rose 2.2 percent year-on-year in November, following a 2.0 percent increase in October. The rate was revised down from 2.3 percent.
RTTNews | 3 days ago
German Investor Confidence Highest In 4 Months In December - ZEW
Economic sentiment in Germany unexpectedly rebounded in December to its highest level in four months as financial market experts turned optimistic on the announcement of snap elections in February next year and the prospect of more interest rate cuts from the European Central Bank, results of a survey by the think tank ZEW showed Tuesday.
RTTNews | 4 days ago
