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French economy disappoints and contracts in Q3

The French economy squeezed by 0.1% in Q3. This is below expectations. France was expected to report GDP growth of 0.1% in the preliminary report for Q3. The second largest economy in Europe grew by a strong 0.5% in Q2, after two consecutive quarters of contraction. Year on year, the economy grew by only 0.2%.

EUR/USD was trading on high ground towards the publication: around 1.3470 and initially seems indifferent to the publication. Is it waiting for the German release?

France will later release the quarterly change in jobs and CPI. Both don’t carry positive expectations.

The euro-zone’s fourth largest economy, Spain, has already released its Q3 numbers, and the economy grew by 0.1%. Germany, Italy and the whole euro-zone are next up today.

See how to trade the German GDP with EUR/USD.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.