EUR Trading Outlook (15-02-2012)
The Euro (EUR) the EUR/USD staged a slight recovery in Europe after the German February ZEW survey improved to 5.4 vs. -21 previously. The Rally was short-lived as the Greece drama rolled on and the Moody’s downgrades encouraged fresh selling above 1.3200. In US stocks, DJIA +4 points closing at 12878, S&P -1 points closing at 1350 and NASDAQ +1 points closing at 2931. Looking ahead, Q4 EU GDP forecast at -0.3% vs. 0.2% previously. Also US FOMC minutes released from previous meeting where they extended low interest rate expectation period to late 2014.
Back to EUR Trading Outlook Archive
