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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 04 April 2023

04 April 2023, EUR/USD

Positive macroeconomic statistics from Germany

EURUSD trading plan:

German exports rose significantly more than expected in February due to strong demand from the United States and China, posting their biggest increase in 10 months, fresh data showed. Exports increased by 4.0% on the previous month, the federal statistics office said. The exports business is benefiting from better functioning supply chains and the opening of the Chinese economy. Imports grew by 4.6% compared with January, the office reported, versus analysts' expectations for a 1.0% rise. The increase follows five consecutive monthly contractions.

Investment idea: buy 1.0867 and take profit 1.0929.

David Johnson
Analyst of «FreshForex» company
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