Thu
15
May
Action Insight Daily Report Euro Lifted by Germany GDP, Possible Head & Shoulder Bottom The common currency strengthens against the greenback and Sterling in early European session after data showed growth in Germany accelerated to fastest pace is 12 years in Q1. GDP growth accelerated from 0.3% qoq in Q4 to 1.5% qoq in Q1, much stronger than expectation of 0.7%. Yoy rate was also up from 1.6% to 1.8%. The data is echoing ECB Trichet's comment that economic fundamentals in the Eurozone
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Thursday, May 15th, 2008 at 11:08 am
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