Wednesday, July 22, 2009


Forex European Preview 07.22.2009
Germany's IFO Survey of business sentiment is expected to rise for the seventh consecutive month in July, pointing to continued improvement in firms' 6-month economic outlook. Still, the reading is expected at 90.1, a print below the 100 %26ldquo;boom-bust%26rdquo; threshold, suggesting conditions are still deteriorating albeit at a slower pace. Some recovery is to be expected as the government's 82 billion euro fiscal boost filters into the broad economy, but the big question in Germany as well as most anywh


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