Here are the key factors to keep in mind today for Euro trades:
- German GDP: The Final German GDP for the first-quarter increased by 0.7% quarterly and by 1.6% annualized. Economists predicted an increase of 0.7% quarterly and of 1.6% annualized. Forex traders can compare this to the first German GDP report for the first-quarter which increased by 0.7% quarterly and by 1.6% annualized. Exports increased by 1.0% and Imports increased by 1.4%. Economists predicted an increase of 0.5% and of 1.5%. Forex traders can compare this to the first data on Exports which decreased by 0.6% and Imports which increased by 0.5%. German Private Consumption increased by 0.4% and German Domestic Demand by 0.8%. Economists predicted an increase of 0.5% and of 0.9%. Forex traders can compare this to the first data on German Private Consumption which increased by 0.4% and German Domestic Demand which increased by 0.9%. German Government Spending increase by 0.5%. Economists predicted an increase of 0.8%. Forex traders can compare this to the first data on German Government Spending which increased by 0.9%. German Capital Investment increased by 1.8% and German Construction Investment by 2.3%. Economists predicted an increase of 1.4% and of 1.5%. Forex traders can compare this to the first data on German Capital Investment which increased by 1.4% and German Construction Investment which increased by 2.0%.
- German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation for May was reported at 53.1 and the German ZEW Survey Economic Sentiment at 6.4. Economists predicted a figure of 49.0 and 12.0. Forex traders can compare this to the German ZEW Survey Current Situation for April which was reported at 47.7 and the German ZEW Survey Economic Sentiment which was reported at 11.2. The Eurozone ZEW Survey Economic Sentiment for May was reported at 16.8. Forex traders can compare this to the Eurozone ZEW Survey Economic Sentiment for April which was reported at 21.5.
Here is the key factor to keep in mind today for British Pound trades:
- UK Public Sector Net Borrowing: UK Public Sector Net Borrowing for April was reported at £6.6B and UK Public Sector Net Borrowing excluding Banking Groups at £7.2B. Economists predicted a figure of £5.8B and £6.4B. Forex traders can compare this to UK Public Sector Net Borrowing for March which was reported at £6.1B and UK Public Sector Net Borrowing excluding Banking Groups which was reported at £6.7B.
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