Monday, 24 August 2009

Industrial New Orders expected for EUR today.

The first indicator for the Euro zone this week has a history of disappointing releases: it hasn’t risen for almost a year. Manufacturers increase their activity according to growing demand. Hopes are high again - for a rise of 1.7%. Data will be released today at 9:00 GMT.

Comment:
Position EUR/USD bought at 1.4296 at 9:01 GMT and sold at level 1.4302 at 9:13 GMT (profit of 6 pips)