The French economy exited its recession and with a bang. The economy grew by a strong 0.5% in the second quarter, according to the initial release. It was expected to grow by 0.1%, after two quarters of squeezing by 0.2% and suffering an official recession. France is Europe’s second largest economy. EUR/USD traded quietly around 1.3255 prior to the publication. The pair moved higher with a small gap and jumped above 1.3260. Update: It is now moving above 1.3270. The National Institute of Statistics and Economic Studies reported that this is the largest increase since Q1 2011. The annual growth rate is 0.1%. Households’ consumption rose by 0.4% while general government’s consumption expenditure rose by 0.5%. Exports jumped by 2% and imports by 1.9%. All in all, France enjoyed a significant rise in economic activity. From France, the next event is the preliminary Non-Farm Payrolls change. For the euro, the German GDP will be released soon, and it carries a lot of weight. See how to trade the German GDP with EUR/USD. Update: Also Germany exceeded expectations and grew by 0.7%. 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Daily Outlook August 14 2013 Anat Dror 9 years The French economy exited its recession and with a bang. The economy grew by a strong 0.5% in the second quarter, according to the initial release. It was expected to grow by 0.1%, after two quarters of squeezing by 0.2% and suffering an official recession. France is Europe's second largest economy. EUR/USD traded quietly around 1.3255 prior to the publication. The pair moved higher with a small gap and jumped above 1.3260. Update: It is now moving above 1.3270. The National Institute of Statistics and Economic Studies reported that this is the largest increase since Q1 2011. The annual growth… 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.
