EUR Trading Outlook (06-10-2010)
The Euro (EUR) surged higher after dipping in the Asian session to break fresh multi-month highs above 1.3850. August Retail Sales fell -0.4% vs. 0.1% previously but were overlooked. The US QE2 story is getting recycled daily and adding to upside momentum. EUR/USD traded with a low of 1.3636 and a high of 1.3861 before closing at 1.3850. Looking ahead, Q2 GDP Final is forecast at 1% vs. 1% previously. August German Industrial Orders is forecast at 0.8% vs. -2.2% previously.
Back to EUR Trading Outlook Archive
