Currencies  |  March 12, 2013 06:36:52

The euro fell Macro


Yesterday's macroeconomic data from Germany was not as expected and the German trade balance fell instead of rising and below the last level, the French index of industrial production on it was even worse.

In connection with such bad data now emerge some speculation about the end of the euro and especially calls from Germany after his marce are surprising. Germany is basically the only European country that still keeps the economy afloat. Establishment of anti-European parties, will mean, especially when massive support, big blow to eurooptimistům. And especially now, when the Czech scene leaving only anti-European mood Vaclav Klaus, who bridled foolish optimism of some politicians. Only time will tell how much he was right.But anyone who thinks that the euro can survive in its abuse and theft grandly told the European structures and trying to squeeze all what you can, one must see. Nothing against the European Union. United States of America is on a similar basis and it's functional, it just needs to follow through and to lead a strong personality with a belief in a better tomorrow.
Today will be published German leading indicators, so it might help to keep the euro, at least on the S / R level 1.3000. Wednesday will be from the perspective of macro data "American Day". If the data fail as well as the European, the euro would not have hurt so much.

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