German GDP Diminishes Recessionary Fears Backing Euro Bulls.


Italy and France started the morning with Italian inflation surpassing expectations for October while Spanish GDP missed on both Year over Year and Quarter on Quarter metrics keeping the euro depressed against the USD.

The euro received a slight boost from the stronger GDP print, with German GDP at 1.2% and 0.3%, respectively. According to the GDP report, the country’s positive performance was mainly attributed to private consumption expenditure, while lower energy prices may have had some upside effect on the final figure.

Later today, inflation takes center stage, despite Germany looking to increase its prior read to 10.1%. The dollar may gain ascendency later this afternoon should the U.S. core PCE statistic come in as expected.

After yesterday’s ECB interest rate announcement, markets reacted in a dovish manner leaving the EUR/USD currency pair trading back below parity. ECB officials may look to change this response by making hawkish comments ahead of next week’s FOMC meeting.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.