0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/aG5lue4jZ4
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/K4BUUCDVdB
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1% Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -15% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 Balance of Trade (JUN) Actual: €21.2B Expected: €12.6B Previous: €9.4B https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1 Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate QoQ Final (Q2) Actual: -0.1% Expected: -0.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate YoY Final (Q2) Actual: -9% Expected: -9% Previous: -9.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -9% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇭🇰 GDP Growth Rate QoQ Final (Q2) due at 09:00 GMT (15min) Actual: -0.1% Expected: -0.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2020-08-14
Forex News: German Exports Decline on European Weakness

Forex News: German Exports Decline on European Weakness

2013-01-08 07:45:00
Benjamin Spier, Technical Strategist
Share:

THE TAKEAWAY: German exports down 3.4% in November, more than expected -> Exports to other Euro-zone countries down 5.6% annually -> Euro trading steady

German exports declined at the sharpest rate in over a year in November, according to the Federal Statistical Office. Exports were down 3.4%, worse than an expected 0.5% drop in exports and a reversal of October’s revised 0.2% rise in exports. The trade balance still rose to 17.0 billion Euros, as imports dropped 3.7% in November.

Compared with November 2011, exports to the European Union are down 4.0%, while exports to the Euro-zone are down 5.7% annually. Outside of the European Union, exports are up 5.6% from November 2011, as there is no difference in total export levels from November 2011 to November 2012.

The export data shows that beyond German taxpayers partially footing the bill for bailouts of weaker Euro-zone countries, the debt crisis has also affected the German economy by preventing a rise in exports over the previous year. The ECB predicts that the Euro-zone will only stabilize well into 2013, which would be good for the German economy. Signs of economic growth in Germany or the Euro-zone would be Euro-positive.

However, the Euro did not significantly react to the lower than expected exports. The single currency is currently trading slightly higher than 1.3100 against the US Dollar in Forex markets. Resistance might be provided by 1.3158, which has provided resistance over the past few months.

EURUSD Daily: January 8, 2013

German_Exports_Decline_on_European_Weakness_body_eurusd_daily_chart.png, Forex News: German Exports Decline on European Weakness

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.