Thursday, May 14, 2009

EUR/USD: German preliminary GDP

German preliminary GDP accounts for the value of all goods and services produced by the economy. Important things to note about this indicator:

- Relevance = high
- Germany accounts for large part of Euro-zone
- Number greater than forecast is bullish for EUR/USD
- Most comprehensive measure of economic activity and economy’s condition
- Release Schedule: Quarterly, 45 days after the quarter ends

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