Germany Industrial Production MoM
Industrial production in Germany is a measure of the output of firms that are incorporated into the industrial sector of the economy. The most important industry in the world is Manufacturing, accounting for 79% of total production. The most dominant components within Manufacturing are: Mechanical equipment accounts for 12% of total production, followed by motor vehicles, trailers and semi-trailers (12%), basic metals and fabricated metal products (10%), and computers, electronic and optical products as well as electrical equipment (10%). 11% of overall output is accounted for by construction, while 10% is accounted for by energy production.
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 |
|
|
1.0373 -74 pips |
1.0746 -299 pips |
1.04467 | |
| EURAUD |
|
|
1.6393 -229 pips |
1.6650 -28 pips |
1.66224 | |
| EURJPY |
|
|
156.7361 -588 pips |
164.0674 -146 pips |
162.612 | |
| EURCAD |
|
|
1.4792 -175 pips |
1.4964 +3 pips |
1.49667 | |
| EURCHF |
|
|
0.9402 -45 pips |
0.9630 -183 pips |
0.94468 | |
| EURCZK |
|
|
25.2779 +1572 pips |
0 +251207 pips |
25.12073 | |
| EURGBP |
|
|
0.8395 -54 pips |
0.8462 -13 pips |
0.84488 | |
| EURHUF |
|
|
400.4734 -1145 pips |
406.2462 +567 pips |
411.92 | |
| EURNOK |
|
|
11.4331 -3256 pips |
11.7142 +445 pips |
11.7587 | |
| EURNZD |
|
|
1.8071 -321 pips |
1.8406 -14 pips |
1.83917 |
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
