Germany inflates!
|The German economy is showing signs of recovery: March producer prices rose 1.9% annually and 0.1% monthly, following a 6-month decline. This indicates an increase in consumer demand, which along with an improving trade balance in February, set the scene for growth in 2018. GDP forecasts are being hiked to 2.2% in 2018 (initial estimates at 2%), which supports optimism for the Euro region. April economic data are softer, with GfK consumer confidence and ZEW current conditions given at 10.90 and 87.90 (2 years averages at 10.30 and 75), so we suspect the economy will continue its acceleration, though at a slower pace than in 2017. The EUR/USD currently trades at 1.2324, moving sideways in April, but will slide a bit until the end of the month, heading to 1.2310 in the short-term.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.