Excerpt from: Forex Analysis
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| May 07, 2008 | | Currency trading with the euro | Euro forex trading strategy should take into account that signs of economic trouble are starting to show in the euro zone. Even as the ECB continues its tough rhetoric on inflation, there are signs that euro zone data is weak, and this is conflicting with the ECB's hawkish stance. Reuters reports on currency trading with the euro:
"The euro zone retail sales were particularly disappointing,
it does suggest that European consumers are slowing down. All
the data suggest the outlook is deteriorating for Europe and
that's consistent with downward pressure on the euro," said Teis
Knuthsen, currency strategist at Danske Markets in Copenhagen. | Topic Tags: currency trading, currency trading euro, euro forex trading, euro zone, forex trading, forex trading strategy, FX market | |
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