Advertisement
Germany GDP Growth Rate YoY
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 |
|
|
1.1427 -382 pips |
1.1559 +250 pips |
1.18086 | |
| EURAUD |
|
|
1.7268 -678 pips |
1.7937 +9 pips |
1.79455 | |
| EURJPY |
|
|
163.7962 -569 pips |
168.0524 +143 pips |
169.482 | |
| EURCAD |
|
|
1.5681 -355 pips |
1.6019 +17 pips |
1.60363 | |
| EURCHF |
|
|
0.9353 +10 pips |
0.9507 -164 pips |
0.93426 | |
| EURCZK |
|
|
24.6901 +444 pips |
0 +246457 pips |
24.64570 | |
| EURGBP |
|
|
0.8562 -88 pips |
0.8605 +45 pips |
0.86500 | |
| EURHUF |
|
|
397.8818 -205 pips |
405.3240 -539 pips |
399.93 | |
| EURNOK |
|
|
11.4731 -3951 pips |
11.8195 +487 pips |
11.8682 | |
| EURNZD |
|
|
1.8767 -621 pips |
1.9361 +27 pips |
1.93876 |
News (EUR)
German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 1 day ago
Eurozone Inflation Hits ECB Target
Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | 1 day ago
Eurozone Manufacturing Sector Contraction Slows In June
Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
RTTNews | 1 day ago
