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 |
|
|
1.0389 -4 pips |
1.0710 -317 pips |
1.03935 | |
| EURAUD |
|
|
1.6521 -210 pips |
1.6711 +20 pips |
1.67306 | |
| EURJPY |
|
|
155.3369 -511 pips |
162.9274 -248 pips |
160.445 | |
| EURCAD |
|
|
1.4857 -211 pips |
1.5026 +42 pips |
1.50682 | |
| EURCHF |
|
|
0.9423 -33 pips |
0.9685 -229 pips |
0.94565 | |
| EURCZK |
|
|
0 -251313 pips |
25.1182 +131 pips |
25.13133 | |
| EURGBP |
|
|
0.8355 -12 pips |
0.8415 -48 pips |
0.83666 | |
| EURHUF |
|
|
399.7580 -762 pips |
406.0367 +134 pips |
407.38 | |
| EURNOK |
|
|
11.4206 -3562 pips |
11.7142 +626 pips |
11.7768 | |
| EURNZD |
|
|
1.8092 -350 pips |
1.8435 +7 pips |
1.84422 |
News (EUR)
ECB To Cut Rates Again As Lagarde Sees Disinflation "Well On Track"
The European Central Bank lowered its interest rates for a fourth policy session in a row on Thursday and is likely to opt for more easing going forward as policymakers seek neutrality amid a slump in Eurozone growth and expectations for inflation to return to target over the course of the year.
RTTNews | 7h 18min ago
Eurozone Economy Stagnates In Q4
The euro area economic growth ground to a halt in the fourth quarter as output shrunk in Germany and France and remained flat in Italy, leaving Spain as the only economy in the big four to continue expansion, adding hopes of another interest rate cut by the European Central Bank later on Thursday.
RTTNews | 13h 36min ago
German Economy Contracts Unexpectedly In Q4
The German economy logged an unexpected contraction in the fourth quarter on weaker exports, adding fears of recession, preliminary data from Destatis showed Thursday. Gross domestic product fell 0.2 percent from a quarter ago, confounding expectations for an expansion of 0.1 percent. This follows a 0.1 percent sequential growth in the third quarter.
RTTNews | 14h 38min ago
