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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
Forex News: Germany Sees a Surprising Surplus in Public Spending

Forex News: Germany Sees a Surprising Surplus in Public Spending

Benjamin Spier, Technical Strategist

THE TAKEAWAY: German economic growth slows to 0.7% in 2012, less than expected -> Public spending sees a surplus -> Euro trading slightly higher

German economic growth slowed to 0.7% in 2012 from 3.0% in 2011. The rise in GDP was slightly lower than an expected 0.8% annual growth. However, public spending saw a surplus in 2012 for the first time in five years. The surplus between public revenue and spending was 0.1% of the GDP, beating expectations for a 0.1% public deficit.

Exports were the main driver for the German economy in 2012, according to the Federal Statistical Office. The trade surplus provided 1.1 percentage points of GDP growth, as exports were up 4.1% from a year earlier. Consumer spending increased 0.8% and government spending increased 1.0% in 2012. Earlier today, German inflation was reported at an average of 2.0% in 2012.

The Federal Statistical Office also reported that the German economy probably shrank 0.5% in Q4. Despite the drop off in growth, the office was still proud of the annual economic expansion. “In 2012 the German economy proved to be resistant in a difficult economic environment and withstood the European recession”, said Roderich Egeler, President of the Federal Statistical Office.

The German economy has been affected by the Euro debt crisis plaguing the region. The European Central Bank has previously forecasted a gradual recovery for the Euro-zone economy well into 2013. Signs of a recovery in the region or in the Euro-zone’s biggest economy would be Euro positive.

The news of the annual growth was followed by a rise in Euro to 1.3370 against the US Dollar. It’s unclear if the rise was a reaction to the unexpected public surplus or if it was a natural retracement of some of the losses over the past few hours. EURUSD rose above 1.3400 for the first time in ten months yesterday, and could continue to see resistance by the key figure. Support could be provided by a broken resistance around 1.3284.

EURUSD Daily: January 15, 2013

Germany_Sees_a_Surprising_Surplus_in_Public_Spending__body_eurusd_daily_chart.png, Forex News: Germany Sees a Surprising Surplus in Public Spending

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