Trade Desk Thoughts - German Final GDP

Actual -0.5%, Expected -0.5%, Previous -0.5%

Release Explanation: The GDP measures the monetary value of all goods and services produced within a Country's borders in a specific time period. GDP is calculated on an annual basis, is the broadest measure of activity, and the primary gauge of each economy's overall health. It includes all Company and Personal consumption, government outlays, investments, and exports less imports, that occur within a defined territory

Trade Desk Thoughts: The German final Q2 GDP read came in at -0.5%, as the market expected. This is the second and final GDP read after the 14th of Augusts preliminary read was released. The Bundesbank officials have said repeatedly the economy remains robust even with the first negative GDP reading in the last 4 years. The negative read can be attributed to household expenditures and smaller investment, predominantly in the construction sector.

Forex Technical Reaction: The Euro fell 8 pips after the release, having a very weak reaction. The euro is trading just above TheLFB S1, after the pair declined today 90 pips

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