Eurozone GDP (QoQ) (Q2): -12.1% actual vs -12.1% expected. Bloc’s GDP (YoY) (Q2): -15.0% actual vs. -15.0% expected. EUR/USD sustains the bounce above 1.1800 on the data. The Eurozone economic output shrank in the second quarter, the latest figures released by Eurostat confirmed on Friday. The bloc’s GDP contracted 12.1% QoQ in Q2, matching the expectation of -12.1% and -12.1% reported in the first estimate. The annualized figure arrived at -15.0% vs. -15.0% expected and -15.0% last. Meanwhile, the number of employed persons in the Eurozone decreased by 2.8% QoQ in Q2 vs. -1.7% expected and -0.2% previous. The seasonally adjusted Trade Balance for the bloc stood at EUR21.2 billion in June vs. EUR8.0 recorded in May. more to come … About Eurozone GDP The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). FX implications The shared currency shows little reaction to the mixed Eurozone economic releases, as EUR/USD sustains the bounce from 1.1791 lows. At the press time, EUR/USD trades modestly flat at 1.1814. All eyes remain on the US Retail Sales and Consumer Sentiment data for fresh trading incentives. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD: Scope for a move to the back of the broken 2014 downtrend at 0.65 – Credit Suisse FX Street 2 years Eurozone GDP (QoQ) (Q2): -12.1% actual vs -12.1% expected. Bloc’s GDP (YoY) (Q2): -15.0% actual vs. -15.0% expected. EUR/USD sustains the bounce above 1.1800 on the data. The Eurozone economic output shrank in the second quarter, the latest figures released by Eurostat confirmed on Friday. The bloc’s GDP contracted 12.1% QoQ in Q2, matching the expectation of -12.1% and -12.1% reported in the first estimate. The annualized figure arrived at -15.0% vs. -15.0% expected and -15.0% last. Meanwhile, the number of employed persons in the Eurozone decreased by 2.8% QoQ in Q2 vs. -1.7% expected and -0.2% previous. The seasonally adjusted Trade Balance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
