German Consumer Sentiment fell to 9.4 points

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Thursday, Mar 24 2016

The overall optimism of German consumers has lessened somewhat in March. The overall index is forecasting 9.4 points for April following 9.5 points in March. No change was expected. Both economic and income expectations as well as propensity to buy suffer losses.

The weak demand for German products in certain important markets will probably not leave economic growth in Germany unaffected. A signal of this is the decline in economic expectations this month. Similarly, income expectations as well as propensity-to-buy have also lost steam. However, both indicators remain at an extremely high level in contrast to economic expectations.

Euro is currently being traded few points below 1.1170 level. Pair is likely to find support around 1.11 handle and resistance above 1.1250 level. Later today, in the US session, Durable Goods Orders and Unemployment Claims figures are scheduled for a release.

More in this category: « Aussie lower due to decline in commodity prices UK Retail Sales down by 0.4% »

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