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On January 20th, Fitch Ratings stated that after three years of economic stagnation, impacted by external shocks and increasingly severe structural challenges, Fitch forecasts significant fiscal easing will drive the German economy back to growth in 2026. Despite risks regarding public spending implementation and private sector response, there is evidence that investment is recovering from its slump. Charles Seville, Senior Director of Fitchs Economics Team, said, "German capital spending has shown signs of recovery, with real investment returning to annual growth for the first time in three years." The construction sector, which accounts for about half of fixed asset investment, returned to positive year-on-year growth in October. Driven by civil engineering and public works activities, the construction purchasing managers index returned to expansion territory in December for the first time since the beginning of 2022. Furthermore, industrial output, survey data, and order volumes also showed signs of recovery. Industrial output recorded year-on-year growth in November, the only second increase since mid-2023. By the end of 2025, capital goods orders, which typically track investment, and capital goods demand survey indicators linked to production expectations, both showed improvement. Amid persistent external risks, domestic orders have led the recent recovery trend.Fitch: Germany’s massive fiscal easing policies are expected to propel it back onto a growth trajectory in 2026.U.S. stocks pared some of their losses, with the S&P 500 down 1% and the Nasdaq down 1.3%.The German DAX index fell by 1.00% on the day.Romania will further assess the invitation from the U.S. Peace Commission before responding.

The EUR/USD Price Analysis Is Supported By Rebounds From 1.0840-45

Alina Haynes

Apr 11, 2023 14:37

EUR:USD.png 

 

On Tuesday morning, the EUR/USD reaches a new intraday peak near 1.0880 as bulls attempt to regain control following a two-day downtrend. Consequently, the Euro-U.S. dollar pair recovers after the convergence of the 100-day simple moving average and a two-week-long ascending support line.

 

However, the recovery movements of the major currency pair remain elusive unless the quote remains below the 13-day-old horizontal resistance area surrounding 1.0930.

 

A one-week-old descending trend line near 1.0900 is protecting the EUR/USD pair's near-term upside at press time.

 

In the event that the EUR/USD pair maintains strength above 1.0930, the 1.0975 monthly high may serve as the last line of defense for pair sellers before pushing the price to February's high of 1.1033.

 

Alternately, a breach of the 1.0840-45 support confluence would drive the price to the 1.0788 monthly low without hesitation.

 

Future EUR/USD skeptics may be challenged by the 50% and 61.8% Fibonacci retracement levels of the pair's March-April upswing, respectively near 1.0745 and 1.0690.

 

To restore market confidence, supporters of the EUR/USD must surpass 1.0930. The quote remains on the bears' radar despite the fact that 1.0845-40 limits the near-term decline.


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