French Q4 GDP Falls -0.3%


The economy of France contracted by 0.3% in the last quarter of 2012. Early expectations stood on a contraction of 0.2%. This is the initial publication, which will be followed by a final one. While the French economy is not enjoying sustained growth, it is still not in a technical recession: two consecutive quarters of contraction.

EUR/USD was trading at around 1.3435, in the middle of the 1.34-1.3486 range before the publication.

The French economy grew by 0.1% in Q3, squeezed by 0.1% in Q2 and remained flat in Q1 – not exactly going anywhere fast.

Europe’s largest economy, Germany, will soon release its own GDP figures, which are expected to show a squeeze of 0.5% in output. See how to trade the German GDP with EUR/USD.  This is at 7:00 GMT.

This will be followed by the Italian GDP at 9:00 and the initial GDP figure for the whole continent at 10:00. Note that the first publications are usually confirmed later without revisions.

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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.


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