Wednesday, July 26, 2006

Stronger numbers out of Europe

IFO surveys out of Germany last night came in slightly behind expectations but clearly viewed by the market as showing continued growth in Germany...and therefore EuroZone. This has sent Euribor futures lower in anticipation of increased interest rates in the near term. I think this could be an excuse to buy the Euro (if one is needed) and I think it would be best to buy against the Yen. It has made a move overnight and I am looking for it to take out the 147.91 high.

I continue to think that U.S. Dollar weakness is in our future.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home