China overtook Germany last year to become world export champion, official figures have confirmed, but Europe’s ‘Exportmeister’ can take comfort from a strong rebound at the end of last year.
Markets are still in a hold / consolidation pattern before 1st tier economic data starting Wednesday. However, we are seeing signs of EUR contrarians stepping in and trading on the long side. Markets and media have been lightning fast in jumping on the EU collapse bandwagon and there is speculation that the pair has moved too fast. While risk appetite remains fragile, the EURUSD move above 1.3770…
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EURUSD has continued to recover from last week’s rout, with the short term uptrend off Friday’s 1.3586 lows providing the platform for a test of the 1.3750 pivot level, and an earlier high of 1.3774. The EUR and broader risk sentiment has been buoyed by the news that ECB President Trichet has decided to cut short a visit in Australia to return to Brussels; fuelling speculation that an EU-wide… | ||||||||||||||||||||
