Market Updates: German GfK Consumer Climate, Slight Setback - Forex News by FX Leaders

Market Updates: German GfK Consumer Climate, Slight Setback

Posted Tuesday, March 26, 2019 by
Arslan Butt • 1 min read

Overall, consumer climate in March 2019 seems moderately more stable than in the previous month. Economic expectations are growing again. However, both income expectations and propensity to buy have reduced somewhat.

For April, GfK is forecasting a consumer climate value of 10.4 points, following a revised figure of 10.7 points in March. With the prevailing inflation, the breakdown in economic expectations has been reduced – for the time being at least. EUR/USD is steady, showing no reaction to this news.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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