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)