
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
In February, German industrial output jumped by 0.7% because mild weather really backed an ascend in construction activity, although manufacturing production went down, providing little hope to the EU’s number one economy after a pack of downbeat news.
Germany is actually suffering from trade friction as well as Brexit uncertainty having avoided recession in 2018. On Thursday, key economic institutes slashed their estimates for this year’s surge and warned a long-term uptrend had already come to its end.
The ascend in output surpassed expectations for a 0.5% rally on the month. In fact, January's outcome was updated upwards to demonstrate no change from a previously posted 0.8% tumble.
Germany’s industrial sector is anticipated to stay subdued considering the dismal development in orders as well as the negative business climate. Moreover, the construction sector is still soaring, while the relatively mild weather also made a contribution to the decent outcome in February.
In February, Germany’s industrial orders went down by the biggest margin for over two years, diving by 4.2%, as Thursday’s data disclosed.
The total gain in industrial output was underpinned by a 6.8% leap in construction. As for manufacturing output, in February, it slumped by 0.2%.
On Thursday, the country’s key economic institutes had their estimates for 2019 surge slashed by more than half. They also warned that the German economy could speed down even more if the United Kingdom quits the EU without a deal.
Germany is currently in its 10th year of economic expansion, although narrowly dodged a meltdown at the end of 2018 and also reported its weakest surge for five years last year. This export-orientated economy is being speeded down by the trade as well as Brexit headwinds.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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