Han de Jong, chief economist at ABN AMRO, points out that Germany managed a 0.1% QoQ growth rate in Q3.

Key Quotes

“The more positive trade data for September, released a week earlier, might have just eked out a positive for the quarter. No details have been released. It remains to be seen what happens next. The German economy is sensitive to world trade growth and investment spending world wide.”

“The trade conflict and the wait-and-see attitude of many companies around the world has therefore also had a negative impact. A phase 1 trade deal between the US and China would, therefore, also be positive for Germany.”

“The problems in the car industry haven’t helped either. German car production has fallen by some 15% in just over a year, reducing GDP by just over 0.5% of GDP.”

“A turn in car production could provide the German economy with a much needed and very welcome support.”

“Analysts are getting more optimistic, according to the ZEW indicators. To what extent these measures follow markets for risky assets isn’t clear to me, but it is remarkable that the ‘expectations’ series for the eurozone ZEW index jumped sharply in November: -1.0, versus -23.5 in October. This could be a sign that the business cycle is starting to bottom out, or at least that the analysts surveyed think so.”


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.

Feed news

Latest Forex News

Editors’ Picks

GBP/USD off 7-month highs, still firmer as Tories hold the lead

GBP/USD retraces from the new seven-month highs of 1.3180 but remains strongly bid, as weekend polls have reaffirmed a solid lead for PM Johnson's Conservatives. Cable dropped on Friday amid upbeat US data.


EUR/USD steadying above 1.1050 amid upbeat German export data

EUR/USD is trading above 1.1050, attempting a recovery after Germany reported an increase in exports in October. EUR/UDS dropped sharply on Friday amid upbeat US Non-Farm Payrolls and weak German industrial output. 


Forex Today: US-Sino trade tensions prevail, Boris closer to victory, EUR/USD licking its wounds

Trade talks: President Donald Trump has called on the World Bank to stop lending to China, a move that may aggravate tensions, with only six days to go until Washington is set to slap new tariffs on Beijing. Negotiations continue.

Read more

Gold: Sidelined after biggest daily decline in four weeks

Gold is lacking a clear directional bias in Asia, having registered its biggest single-day decline in four weeks on Friday. China's data may embolden President Trump to take more aggressive measures. 

Gold News

USD/JPY in search of a firm direction, stuck in a range above mid-108.00s

USD/JPY was seen oscillating in a narrow band and consolidated last week’s losses. US-China trade uncertainties continued underpinning the JPY’s safe-haven status. Investors now seemed reluctant ahead of the latest FOMC monetary policy update.