Wednesday, September 27, 2006

1410h : (EUR) Germany Gfk Consumer Confidence is expected to increase. Intraday traders - With lower oil prices and a higher German IFO business survey, the EUR is expected to rise slightly within the day

Swing traders - However, the EUR is expected to decrease in the long term. I expect that the European Central bank may soon announce a more conservative plan for interest rates. With a stronger dollar recently, investors might take on new buying interest away from the Euro

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