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Forex Trading News: 5:00 AM EUR Data Released

Posted by Mr. Danish FX on Wed, 04/30/2008 - 4:04am in

The CPI Flash Estimate comes out at 3.3% from the previous 3.5%.  This was forecast at .4%.

Consumer Confidence comes out at -12 from the previous -12.  -13 was forecast.

The EUROZONE unemployment rate comes out at 7.1% from the previous 7.1%.  No change was forecast.

Not too much movement initially after all of this data as all numbers are pretty close to what was expected.  However with all of this data out at once, there can be some significant moves after the data gets digested by traders. 

The EURUSD did fall to session lows however.

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