ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for November 14, 2019. This is not a trading advice. See details below:
FOREX
The euro is up by over 0.15% against the US dollar following the publication of Germany’s Q3 GDP data, which showed quarter-on-quarter growth of 0.1%. This is good news for the single currency.
The markets were braced for bad news, as many investors expected the figures to show a contraction of the German economy for the second quarter in a row, which would have meant that technically the country would be in a recession.
Today’s euro gains reflect the pricing-in of a little more optimism about the short to medium term outlook for the area’s largest economy.
Ricardo Evangelista – Senior Analyst, ActivTrades