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 |
|
|
1.0715 -30 pips |
1.0804 -59 pips |
1.07448 | |
| EURAUD |
|
|
1.6292 -45 pips |
1.6422 -85 pips |
1.63371 | |
| EURJPY |
|
|
163.7688 -337 pips |
165.8860 +125 pips |
167.137 | |
| EURCAD |
|
|
1.4686 -64 pips |
1.4768 -18 pips |
1.47503 | |
| EURCHF |
|
|
0.9612 -143 pips |
0.9845 -90 pips |
0.97550 | |
| EURCZK |
|
|
25.3748 +3591 pips |
0 +250157 pips |
25.01574 | |
| EURGBP |
|
|
0.8580 -16 pips |
0.8628 -32 pips |
0.85958 | |
| EURHUF |
|
|
383.8296 -477 pips |
390.0976 -150 pips |
388.60 | |
| EURNOK |
|
|
10.9228 -7969 pips |
11.7476 -279 pips |
11.7197 | |
| EURNZD |
|
|
1.7787 -117 pips |
1.7983 -79 pips |
1.79042 |
News (EUR)
German Industrial Production Declines In March
Germany's industrial production declined for the first time in three months in March driven by the decreases in consumer and intermediate goods output, official data revealed Wednesday. Industrial production declined 0.4 percent on a monthly basis, in contrast to the 1.7 percent increase in February, Destatis reported.
RTTNews | 12h 34min ago
German Exports Rebound; Industrial Orders Data Disappoint
Germany's exports rebounded at a faster-than-expected pace in March, while industrial orders declined unexpectedly on weak domestic demand, pouring cold water on hopes of better economic recovery. Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February, which was revised from a 0.2 percent gain reported initially, Destatis said Tuesday. Shipments were forecast to
RTTNews | 1 day ago
Eurozone Private Sector Growth Accelerates In April
The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday. The HCOB composite output index rose to 51.7 in April from 50.3 in the previous month. The flash estimate was 51.4.
RTTNews | 2 days ago
