All eyes on Germany’s fourth-quarter GDP (flash estimate)

All eyes on Germany’s fourth-quarter GDP (flash estimate)

28.01.2022

Yesterday, in the U.S. market, the three major stock indices all fell toward the close, leading to a risk-off environment characterized by falling stock prices, lower interest rates, and a decline in gold prices. The yield on the 10-year U.S. Treasury note, which had risen as high as 1.85%, fell to 1.81%. Meanwhile, the yield on the 2-year U.S. Treasury note surged to 1.19%.U.S. durable goods orders for December, released yesterday, declined for the first time in three months, with notable drops in categories such as commercial aircraft.

In the foreign exchange market, Oceania currencies have been weakening amid falling crude oil prices, and the GBP/AUD pair rose by about 150 pips from 1.889 to 1.904. If this upward trend continues, the pair could target the recent daily high of 1.912; therefore, it is advisable to remain vigilant regarding the bullish momentum.

Today, during European trading hours, France’s Q4 GDP will be released at 15:30, followed by Germany’s Import Price Index and Turkey’s Economic Confidence Index at 16:00, and France’sProducer Price Index, at 17:00 the Swiss KOF Leading Index, at 18:00 Germany’s Q4 GDP (flash estimate), and during U.S. trading hours at 22:30 the U.S. Core PCE Deflator, and at 24:00 the U.S. University of Michigan Consumer Sentiment Index (final reading) are scheduled for release. I plan to keep a close eye on the economic indicators starting during European trading hours and observe currency strength and weakness.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 13.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

7. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

9. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 07.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran