24.05.2016 - German GDP grew by 0.7% in Q1

Today was published the final report on the growth of Germany's GDP in the 1st quarter of this year, which was the highest over the past two years and showed the expansion of the economy by 0.7%, which coincided with forecasts of analysts. It is worth noting that in the last quarter of last year, the German economy grew by only 0.3%. The main driver for economic growth was the domestic demand. Exports rose by 1.0% and imports by 1.4%. Despite the positive data from Germany, we expect a drop in euro prices with closest targets at 1.1050 and 1.0985 in the near future, due to the growth of the US dollar because of tightening of the Fed's monetary policy in the United States.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.