What To Expect From Upcoming German GDP

What To Expect From Upcoming German GDP

Tomorrow is a very big day for the euro according to the economic calendar. There’s plenty of data on tap that could potentially move the currency. Arguably the most important figure is the German quarterly GDP. This is because it is the lead for the eurozone’s quarterly GDP published a little later. The former takes precedence since, by the time we get the figure for the whole area, all the major constituent economies have reported. So by that point, it’s pretty clear what the number will be. There are a lot of expectations surrounding the Germans this time around. Last quarter, Germany just managed to avoid a technical recession. Now’s the moment of truth to see if it’s time for a rebound into recovery, or further sliding into an increasingly pessimistic outlook for Europe. Get our Weekly Commitment of Traders Report: – See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis. Get Our Free Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter What We Are Looking Out For Germany’s GDP number is the first in the series of important data releases for the euro. And it will be coming out just as most European traders are getting to their desks: 08:00 CET (or 02:00 EST). This release typically injects quite a bit of volatility into euro pairs. However, the euro could either exaggerate or retrace in […]

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