29.05.2015 - Retail sales in Germany, cheered investors

Statistics on retail sales in Germany, has pleased investors and has led to a slight increase of the euro. So, in April showed an increase of 1.7%. We recall that in the previous month, the decline was 1.4%. Analysts had forecasted sales growth of 1.1%. Sales of consumer goods showed strong growth by 2.4%, but sales of food products decreased for the last month by 2.1%. It is worth recalling that domestic demand is the main driver of growth for the German economy and support the euro quotations. We expect a further decline of the euro in the medium term due to the quantitative easing program and recommend holding short positions.

German Flag

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.