MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trade Recommendations » Long Term Trade Recommendations

[g_tec620]

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[pinalli]

The Euro gained on Tuesday, after a German think-tank, Z.E.W., said that their economic sentiment index rose sharply to 44.8 in June from 31.1 in May. The jump exceeded expectations which were set at 35.0 and suggested that there is good market optimism for a recovery later on this year.

The Euro was also helped by data that showed Euro zone inflation at zero and that pay wages had increased in the first quarter of 2009 at the same rate that it did in 2008. Despite heavy unemployment rates, the two releases gave rise to hope that an end is near for the recession.

At 10:50 PM GMT, the Euro was trading up .23% to the Dollar to 1.3834, down 1.23% to the Japanese Yen to 133.39, down .31% to the British Pound to .8429, up .38% to the Canadian Dollar to 1.5703, up .4% to the Australian Dollar to 1.7428, and up .22% to the Swiss Franc to 1.5061.