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 |
|
|
1.0717 -45 pips |
1.0850 -88 pips |
1.07616 | |
| EURAUD |
|
|
1.6221 -62 pips |
1.6374 -91 pips |
1.62828 | |
| EURJPY |
|
|
156.3977 -819 pips |
165.4447 -85 pips |
164.592 | |
| EURCAD |
|
|
1.4632 -96 pips |
1.4734 -6 pips |
1.47283 | |
| EURCHF |
|
|
0.9592 -156 pips |
0.9828 -80 pips |
0.97480 | |
| EURCZK |
|
|
25.3748 +3535 pips |
0 +250213 pips |
25.02130 | |
| EURGBP |
|
|
0.8558 -22 pips |
0.8602 -22 pips |
0.85801 | |
| EURHUF |
|
|
383.9147 -570 pips |
390.8705 -126 pips |
389.61 | |
| EURNOK |
|
|
10.9959 -6999 pips |
0 +116958 pips |
11.6958 | |
| EURNZD |
|
|
1.7763 -140 pips |
1.7987 -84 pips |
1.79030 |
News (EUR)
Eurozone Unemployment Rate Steady At 6.5% For Fifth Month
Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June. The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months.
RTTNews | 6h 56min ago
European Economics Preview: Eurozone Jobless Data Due
Unemployment figures from the euro area and Spain, and the purchasing managers' survey results for the services sector from the U.K. are the highlights on the economics front on Friday. Eurozone jobless rate is expected to remain steady at 6.5 percent in March. Eurostat is set to release the data at 05:00 am ET.
RTTNews | 15h 5min ago
Eurozone Exits Recession In Q1
The euro area economy expanded in the first quarter after two consecutive declines as all big four economies exhibited better performance, boosting hopes of a sustained recovery this year. Gross domestic product grew by a faster-than-expected 0.3 percent sequentially following a 0.1 percent fall each in the fourth and third quarters of 2023, preliminary flash estimates from Eurostat showed.
RTTNews | 3 days ago
