Euro in Forex Trading

235588 Resource 119232 120646 120646 1246454792523 1246454792523 Controlled Euro Moves Higher in Forex Trading

Economic data helps euro in currency trading

The euro is moving higher in forex trading today as economic data coming out of the 16-nation euro zone strikes a more positive tone. One of the biggest helpers for the euro today in forex trading is German retail sales, which have improved. GFT's Boris Schlossberg reports in FX360 on <a href="http://www.fx360.com/commentary/boris/1478/euro-rises-but-pound-trades-heavy-despite-positive-data.aspx?aid=5704" target="_blank" title="euro forex trading, forex trading, economic data, currency trading, recession, euro zone, German retail sales">the economic data helping the euro in forex trading</a>: <blockquote> In Germany retail sales improved for the third month in a row rising 0.4% vs. 0.0% expected and helped to rally the <span onmouseover="clearTimeout(tmout); ShowPopup(this,'https://gftnet.gftforex.com/uploads/gbpusd091508.gif','EUR/USD','EUR/USD');" onmouseout="tmout = setTimeout("HidePopup()",1000);" style="color: #004276; cursor: pointer; text-decoration: none;">EUR/USD <img border="0" src="http://www.fx360.com/App_Common/images/chart-icon.gif" /> towards the 1.4100 figure at the start of the European open. The data from the region continues to show slow but steady improvement and for the time being remains supportive of the recovery trade, but analysts remain cautious about the second half of the year given the continued rise in German unemployment. </blockquote> Positive economic data out of China is also helping. With continuing signs that the global recession may be coming to an end, the euro is gaining support in forex trading -- especially against low-yielding <a href="item/235587" target="_blank" title="euro forex trading, forex trading, economic data, currency trading, recession, euro zone, German retail sales, Boris Schlossberg, FX360">safe haven currencies like the yen</a>, franc and dollar. 9 application/xml false Boris Schlossberg currency trading economic data euro forex trading euro zone forex trading FX360 German retail sales recession Euro in Forex Trading Currency trading on the FX market http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.11) Gecko/2009060214 Firefox/3.0.11 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 119232 blog blogsite/GFTForex/web