Heading into a German Federal election on Sunday, the latest polls suggest that the race to the country’s leadership tightens, as the key candidates hold their final rallies. Sunday’s vote will mark the end of Chancellor Angela Merkel’s 16 years in office.
Exit polls will be released when voting ends at 1600GMT on Sunday and results will trickle in throughout the night.
Source: Al Jazeera
Poll predictions on Saturday point to the center-left Social Democrats (SPD) holding a small but narrowing lead over Merkel's party, the center-right Christian Democratic Union (CDU), per CNN News.
The SPD is standing at 25.2%, predicted to gain 4.7 percentage points compared to the 2017 national elections. This lead could mean an end to a 20-year-long downward trend for the Social Democrats. Meanwhile, Merkel’s CDU is behind SPD at 22.4%, according to the latest polls. The Greens are currently seen lagging at 15.9%, in third place.
German Elections Preview: Three EUR/USD scenarios for the post-Merkel dawn
EUR/USD booked a third straight weekly loss ahead of Sunday’s German election, thanks to the Fed’s tapering signal and the persistent uncertainty around the indebted China Evergrande Group.
The currency pair found strong support around 1.1685 levels, finishing the week at 1.1720, as the bulls failed to find acceptance above the 1.1750 psychological barrier.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD edges higher to 0.6500 neighborhood; upside seems limited
AUD/USD is moving away from over a two-week low touched the previous day and eyeing the 0.6500 psychological mark amid renewed USD selling. However, the divergent Fed-RBA expectations, rising geopolitical tensions, and trade-related uncertainties should cap the risk-sensitive Aussie.
USD/JPY retreats from monthly top amid reviving BoJ rate hike bets
USD/JPY drifts lower following the release of strong consumer inflation figures from Japan, which reaffirms bets that the BoJ will hike interest rates in the coming months. Moreover, rising geopolitical tensions offset dovish-sounding BoJ meeting minutes and benefit the safe-haven JPY, weighing on the pair amid a weaker USD.
Gold price struggles to lure buyers amid mixed cues
Gold price remains close to a one-week low touched on Thursday, although a combination of factors continues to act as a tailwind for the bullion. Rising geopolitical tensions and trade-related uncertainties serve as a tailwind for the safe-haven XAU/USD amid a modest decline in the USD.
HYPE drops 7% despite Lion Group's $600 million Hyperliquid treasury announcement
Hyperliquid declined 7% on Thursday after Nasdaq-listed Lion Group Holding revealed that it secured $600 million from investment firm ATW Partners to initiate its HYPE treasury reserve.
In the Eurozone, inflation is also a monetary phenomenon
Monetary aggregates continue to be closely monitored by the European Central Bank (ECB), a sign that, despite the passage of time and the increasing complexity of financing circuits, quantitative theory remains relevant.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.