Friday’s trade saw EUR/JPY within the range of 133.63-135.23. The
pair closed at 134.63, losing 0.20% on a daily basis. EUR/JPY
appreciated 1.54% for the whole week, which marked a second consecutive
weekly gain, after a string of four successive weekly losses. On Monday
(February 9th) the pair may be influenced by a number of fundamentals,
as listed below.
The trade balance, as an indicator, measures the difference in value between the country’s exported and imported goods and services during the reported period. It reflects the net export of goods and services, or one of the components to form the country’s Gross Domestic Product. Generally, exports reflect economic growth, while imports indicate domestic demand.
Germany registers surpluses on its trade balance on a regular basis, due to nation’s strong export of automobiles and other machinery. The country also exports chemical products, hardware, electronic equipment, metals and pharmaceuticals, while its main imports include electronic devices, fuel, vehicle parts and metals.
Read more Click here / www.trade4x.net
Fundamentals
Euro area
German balance of trade
The surplus on German seasonally adjusted trade balance probably expanded to EUR 18.3 billion during December from a surplus figure of EUR 17.7 billion, registered in November. German total exports amounted to EUR 95.8 billion, while total imports were at the amount of EUR 78.0 billion in November. Imports increased at the annual rate of 1.7%, while exports grew at a pace of 1.4% in November. According to Destatis, Germany dispatched goods to the value of EUR 56.0 billion to the Member States of the European Union in November (a 4.8% increase from the same month a year ago), while it received goods to the value of EUR 51.4 billion from those countries (a 3.2% increase). Exports of goods to countries outside the European Union amounted to EUR 39.8 billion in November, while imports from those countries were estimated to EUR 26.6 billion.The trade balance, as an indicator, measures the difference in value between the country’s exported and imported goods and services during the reported period. It reflects the net export of goods and services, or one of the components to form the country’s Gross Domestic Product. Generally, exports reflect economic growth, while imports indicate domestic demand.
Germany registers surpluses on its trade balance on a regular basis, due to nation’s strong export of automobiles and other machinery. The country also exports chemical products, hardware, electronic equipment, metals and pharmaceuticals, while its main imports include electronic devices, fuel, vehicle parts and metals.
Read more Click here / www.trade4x.net
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