Will Japan and the Eurozone see Decreased Growth Over Next Six Months?

Written by Christopher Vecchio, DailyFX Research Fundamental Headlines • EURUSD – A highly appreciated euro deterred foreign consumers in May, as German and French exports fell the most in four years. German shipments fell 3.2 percent in April, the most since June 2004, while French exports declined 1.7 percent. Over the past year, the euro has gained nearly 18 percent on the dollar and 15 percent on the sterling, diminishing competitiveness among traders. The German data was unexpected, suggesting that the U.S.-led global cool down is beginning to affect Europe’s two largest economies. Discuss the topic and your trade ideas in the EUR/USD Forum. • USDJPY – Japan’s equipment orders report, an important indicator to assess the market and predict capital gain over the next three to six months, rose 10.4 percent in May. The rise... [read full story]