Showing posts with label German Wholesale Price Index. Show all posts
Showing posts with label German Wholesale Price Index. Show all posts
August 11, 2008
30 pip profit; Reducing the size in European Session
I reduced the size before getting German Wholesales Price Index and French Industrial Production figures. I my increase the size again ahead of Tuesday's UK and French CPIs. (plan of the trade)
August 10, 2008
European Currencies look Attractive
I decided to buy Euro and sterling ahead of economic data in Europe. Italian CPI and UK PPI are ahead and I find the technical data appropriate. It is possible to hold positions through Tuesday when UK CPI and French CPI will face US Trade Balance. There was also a supportive article in Bloomberg reflecting a view that recent appreciation of dollar looks unsustainable both technically and fundamentally. (Background)


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