Good news from the euro-zone’s battered second largest economy: it grew by 0.3% quarter over quarter, better than predicted. Year over year, we have a 0.4% growth rate. However, the second quarter was revised down to -0.1%, down from flat. So, all in all, the total GDP isn’t much higher than predicted. EUR/USD ticks higher back above 1.2430, but it isn’t going too far. Update: German GDP grew +0.1% as expected, +1.2% y/y Among the figures, we have government spending grow 0.8%, exports grow 0.6%, imports growing 1.1% and household consumption growing by 0.2%. The focus of markets is on Germany. Did Europe’s largest economy enter an official recession? It contracted in Q2. France was expected to report a GDP growth rate of 0.1% in Q3, after a flat read in Q2. Year over year, Q3 GDP was predicted to rise 0.4% after 0.1% beforehand. These are the initial estimations for the third quarter. Before the publication, EUR/USD was trading lower, at around 1.2430, on speculation about QE. We will soon hear from Germany, Italy and also hear the full euro-zone GDP estimation. More: EURUSD Price Squeeze – Looking to Catch Bearish Breakouts 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 USD/JPY: The Next Set Of Levels – Citi Yohay Elam 7 years Good news from the euro-zone's battered second largest economy: it grew by 0.3% quarter over quarter, better than predicted. Year over year, we have a 0.4% growth rate. However, the second quarter was revised down to -0.1%, down from flat. So, all in all, the total GDP isn't much higher than predicted. EUR/USD ticks higher back above 1.2430, but it isn't going too far. Update: German GDP grew +0.1% as expected, +1.2% y/y Among the figures, we have government spending grow 0.8%, exports grow 0.6%, imports growing 1.1% and household consumption growing by 0.2%. The focus of markets is on… Top 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.
