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 |
|
|
1.0720 -44 pips |
1.0839 -75 pips |
1.07638 | |
| EURAUD |
|
|
1.6210 -45 pips |
1.6370 -115 pips |
1.62551 | |
| EURJPY |
|
|
160.3086 -515 pips |
165.3064 +15 pips |
165.461 | |
| EURCAD |
|
|
1.4643 -77 pips |
1.4739 -19 pips |
1.47199 | |
| EURCHF |
|
|
0.9594 -155 pips |
0.9819 -70 pips |
0.97489 | |
| EURCZK |
|
|
25.3748 +3331 pips |
0 +250417 pips |
25.04170 | |
| EURGBP |
|
|
0.8562 -8 pips |
0.8607 -37 pips |
0.85700 | |
| EURHUF |
|
|
383.9147 -561 pips |
390.8705 -135 pips |
389.52 | |
| EURNOK |
|
|
10.9228 -7564 pips |
0 +116792 pips |
11.6792 | |
| EURNZD |
|
|
1.7785 -118 pips |
1.7988 -85 pips |
1.79034 |
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 | 2 days 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 | 3 days 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 | 5 days ago
