For today, Friday, important economic figures were published in the morning, the values of which have also directly affected the markets. So far, the change in unemployment in Germany and Germany’s GDP for the first quarter of this year have been announced. Unemployment figures have risen significantly in the process. After an increase of 16,000 in the previous month, an increase of 10,000 was expected today. The published figures were actually significantly higher, at 24,000. GDP was also worse than expected. After a previous 0.8%, the forecast for the next quarter was 0.3%. However, the actual value stands at -0.1%.
The markets reacted with slight losses. Thus, since the opening of the stock market, the leading index fell by 0.14% from about 15883 points to 15775 points. The MDax also recorded a downward movement today. The Midcap-Dax fell by 0.15 percent to 27,565 points. In addition, movements could also be seen in the forex sector. The EUR/USD currency pair reacted with a loss of 0.4% and fell to 1.0985 US dollars.
Today around 14:00Uhr are also expected the data of the consumer price index. No change is expected in the previous figure of 0.8%. If the forecasts are missed here as well, the stock markets and the euro could react with further losses.
On the EUR/USD chart, the price might test the still existing uptrend again. The Dax, which today again tested the resistance level at 15916 points, could fall further to the next support at 15700 points. If this does not hold, a further correction to 15525 points to the next support could follow.
If the figures are positive, a recovery can be expected, possibly recovering the daily losses.