German GDP contracts by 0.2% in Q1, EUR/USD consolidates below 1.14, USD strengthens

From Investing.com: 2025-04-30 05:47:00

German GDP contracted by 0.2% in Q1, as expected. EUR/USD consolidates below 1.14. USD strengthens as trade fears ease, with US GDP data looming. German CPI data also expected, while ECB rate cuts predicted. Trump’s tariff backtrack boosts USD, but concerns linger. U.S. consumer confidence drops to a 5-year low. FTSE stable as upbeat earnings offset weak miners due to Chinese PMI fall. Barclays and GSK impress with forecast-beating numbers. FTSE tests 50 SMA resistance, with potential for gains if data is supportive. Original Post: https://www.forex.com/en-uk/news-and-analysis/eurusd-ftse-100-forecast-two-trades-to-watch-2025-4-30/



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