Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
The typical/expected impact on EUR pairs is medium.
The consensus forecast for Gfk Consumer Confidence Survey is -23. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for Gfk Consumer Confidence Survey was -24.7 against a forecast of -21.
Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Gfk Consumer Confidence Survey result:
Country: | Germany |
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Currency: | EUR |
Source: | Growth from Knowledge |
Category: | Consumption |
Frequency: | Monthly |