GDP Numbers and U.S Consumer Confidence Put the EUR and USD in Focus

Daily Update - 25th February 2020

Yesterday’s Market

• Germany IFO Business Climate

Yesterday’s Explained

Germany IFO Business climate saw a spike in numbers which was expected further supporting the trend of the Euro against the Dollar. Also further results of the Corona Virus spreading outside of China caused the S & P and Dow Jones fall largely helped the Euro against the Majors.

 

Today’s Market

• Germany Gross Domestic Product
• US Housing Price Index

Today’s Focus

Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health.Housing Price Index released by the Federal Housing Finance Agency provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy.