05.08.2015 - Retail sales in the euro area fell by 0.6%

Today, European investors were disappointed with the weak statistics on retail sales, which fell in June by 0.6%, which was 0.2% worse than analysts' forecasts. It should be noted that in May, the figure rose by 0.1%. The largest decrease was recorded in Germany (-2.3%). Sales of food products fell by 0.8% and non-food products by 0.2%. The euro continues to be under the pressure of a soft monetary policy of the ECB and the strengthening of the US dollar. We recommend to keep the short positions and maintain the medium-term negative outlook.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.