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 -25.5. 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 -26.9 against a forecast of -23.2.
Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next Gfk Consumer Confidence Survey result:
| Country: | Germany |
|---|---|
| Currency: | EUR |
| Source: | Growth from Knowledge |
| Category: | Consumption |
| Frequency: | Monthly |