Germany’s economic data in the last couple of weeks were positive after the Q2 GDP report. While construction sector contraction continued in July, the retail sales growth of 5.9% over year was above an expected 2.6% increase. And factory orders jumped at higher pace than expected in June, manufacturing activities joined services sector expansion in July according to Markit’s final manufacturing and services PMIs reports, and construction sector contraction slowed as evidenced by construction PMI reading of 47.1 after 41.3 in June. Readings above 50.0 indicate industry expansion, below indicate contraction. At the same time current account surplus more than tripled to 22.4 billion euro in June from 7 billion in May. Improving data are bullish for DE30.
| Indicator | VALUE | Signal |
|---|---|---|
| Stochastic | Neutral | |
| MACD | Neutral | |
| Donchian Channel | Neutral | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 13098.13 |
| Stop loss | Below 12514.45 |
Market Analysis provided by IFCMarkets.com
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
By JustMarkets On Thursday, US stock indices posted gains, finishing the trading session in the…
By Analytical Department RoboForex USD/JPY fell to 161.67 on Friday, with the yen fully recovering…
By Esther Ndumi Ngumbi, University of Illinois Urbana-Champaign Across North America, in places such as…
By JustMarkets On Wednesday, US stock indices showed mixed dynamics amid geopolitical escalation in the…
By Analytical Department RoboForex Gold fell to 4,032 USD per ounce on Thursday, marking its…
This website uses cookies.