09.09.2016 - Trade data in Germany disappointed investors

Today in Germany was published weak data on the trade balance of the country, which surplus totaled 19.4 billion euros vs. expected 21.2 billion euros. It is worth noting that in July exports unexpectedly fell by 2.6%. At the same time, the volume of imports fell by 0.7%, indicating that the negative trends in Europe's largest economy. Our medium-term outlook for the euro remains negative on the background of the expected growth of the US dollar and we expect a decline in the euro to levels 1.0700 and 1.0550 in the near future.

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.