wrapper

German Consumer Climate edged up slightly

Tuesday, Dec 22 2015
Consumer mood is improving as the end of the year approaches. After four declines in a row, the consumer climate is rising again slightly. The overall indicator is forecasting 9.4 points for January 2016 compared with 9.3 points in December. Analysts were predicting no change.
 
Both economic and income expectations are significantly on the up. Propensity to buy confirms its extremely high level with almost no change. The terrorist attacks in Paris in mid-November and the resulting increased terror threat in Germany do not seem to be impacting German consumers. Consumer mood has been continuing to improve in the last month of this year.  
 
Euro is currently being traded around 1.0930 area. Pair is likely to find support around 1.0880 handle and resistance above 1.0950 level. Later today, in the US session, Final GDP and Existing Home Sales figures are scheduled for a release.
More in this category: « Aussie higher in a quiet overnight trade Public Sector Net Borrowing increased to £13.6 billion »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.