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 ForexTime Nvidia shares only ↑18% year-to-date Competition, data centre revenue and fiscal Q2 2027…
By JustMarkets On Tuesday, US stock indices continued to decline amid the ongoing sell‑off in…
By Analytical Department RoboForex EUR/USD slipped to 1.1598 on Wednesday, keeping the pair at its…
By JustMarkets On Monday, the US stock indices closed mixed amid ongoing uncertainty surrounding the…
By Analytical Department RoboForex Gold rose to 4,600 USD per ounce on Tuesday, continuing its…
By JustMarkets On Friday, US stock indices fell sharply amid growing investor concerns about the…
This website uses cookies.