Is the Euro finally finding it’s way out of recession?
That question could be heavily debated, but today’s German GDP does look great on paper and has made the markets bounce around this Wednesday morning.
Germany’s GDP, by some forecasts, was expected to show a gain of 0.5%. Surpassing expectations, the German GDP showed up at 0.7% for this second quarter and the Euro pushed above $1.3270.
Many German stocks also advanced this morning as the GDP figure was made known.
PreLim Stats show that Germany grew 0.9% year-on-year.
Find the full German GDP Report here.
For Nathan’s most recent Technical Analysis click here!
Latest posts by admin (see all)
- Forex Trading in Summertime, what the charts can tell you. - September 22, 2017
- The Secret of Taking Profit and Why it is Important - September 20, 2017
- Fading the Momentum in Forex Trading - September 14, 2017
Winner’s Edge Trading, as seen on: