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
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
Oil - US Crude
Mixed
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
Bullish
Gold
Mixed
GBP/USD
Mixed
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
USD/JPY
Bearish
More View more
Real Time News
  • The anti-risk Japanese #Yen may rise versus currencies like the $AUD and $NZD on US-China tensions and fiscal stimulus woes which sank the Nasdaq 100 at the end of last week. Get your #currencies update from @ddubrovskyFX here: https://t.co/Kw0fYCHEcw https://t.co/jiQBPpzat3
  • The #Dollar is down than 3% year-to-date with the index responding to trend support at multi-year lows. Here are the levels that matter on the $DXY weekly technical chart. Get your #currencies update from @MBForex here: https://t.co/MVnF5VDoeN https://t.co/TP2k8u9sXN
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/ioGWvplvt7
  • Based on how US-China tensions and fiscal talks ended this past week, is the Japanese #Yen readying to push higher ahead? Check out the latest #JPY fundamental outlook here - https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2020/08/10/Yen-May-Rise-as-Nasdaq-100-Falls-on-US-China-Tensions-Fiscal-Woes.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/2Km23bVAy2
  • Tech leading the S&P 500 towards record highs, however, China risks rise. FTSE 100 hovers in a lower range. Get your #equities update from @JMcQueenFX here: https://t.co/IJAABNhxjs https://t.co/ZZ6njsuf5O
  • We are heading into the peak of summer yet there are some unexpected trends in key plays. Will complacency or fundamental instability win out? My weekend video: '#Dollar, S&P 500, #Gold - The Potential for Trend, Reversal or Congestion' https://www.dailyfx.com/forex/video/daily_news_report/2020/08/08/Dollar-SP-500-Gold---The-Potential-for-Trend-Reversal-or-Congestion-.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/7KoypvTwcL
  • What are some trading mistakes @nickcawley1 made during his career and what did he learn from them? Find out: https://t.co/40C8Sg5fM6
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:https://t.co/sR7HqpK8BI https://t.co/GZXAbZxL38
  • The Australian Dollar could be on the verge of a major breakout against the US #Dollar as $AUDUSD rates eye a close above pivotal chart resistance. Get your #currencies update from @DanielGMoss here: https://t.co/1y4serFW7h https://t.co/OtqppN7fcp
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/HnzQcAXWLU https://t.co/A517hC0JAG
Forex News: Germany Sees a Surprising Surplus in Public Spending

Forex News: Germany Sees a Surprising Surplus in Public Spending

2013-01-15 08:50:00
Benjamin Spier, Technical Strategist
Share:

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.

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.