Thursday, May 15, 2008

European Economy takes a jump.....led by Germany

German GDP jumped 1.5% compared with .3% last quarter. This result is the strongest since Q2 1996. I think this number tied in with recent EU official comments on inflation reinforces the thought process that rates will not be cut. The Euro jumped on the back of this news and I think that this is a selling opportunity. I am selling here (1.5500) and will stop out above 1.5600.

For more on the European growth story here is the link to BLOOMBERG

Good Luck and Good Forex Trading.

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