EUR

long euro to 12250

Bundesbank: Hikes GDP Fcasts, Inflation To Stay Moderate
FRANKFURT (MNI) The German economy could benefit more than
expected from the pickup in global economic growth, adding to an
accelerating recovery for the Eurozones largest economy, while consumer
price growth is likely to remain moderate, the Bundesbank said on
Friday.
Since the beginning of spring, the positive impetus generated by
the global economy has increasingly prevailed, the central bank said in
its biannual forecast report published today.
Currently, the Bundesbank sees the German economy growing 1.9% this
year before slowing to +1.4% in 2011. Those projections are up from the
ones published in December, which had pointed to growth rates of +1.6%
and +1.2% for 2010 and 2011, respectively.
In the short term, exports and the inventory cycle will continue to
support overall growth, while the importance of government stabilisation
measures in the economy are expected to wane. Looking further ahead,
both business investment and private consumption are projected to rise.
Regarding consumer prices, the Bundesbank expects inflation to
remain moderate, despite higher oil prices and a depreciated euro. For
2010, the central bank sees inflation at +1.2%, reaching +1.6% next
year.
On employment, the Bundesbank noted that the labour market has
weathered the most difficult post-war economic crisis extremely well.
Nevertheless, the ranks of the unemployed could reach 3.4 million in
2011, reflecting an unemployment rate of 8.0%.
The central bank stressed that its projections are based on the
assumption that the current fiscal crisis would have limited impact on
confidence, which in turn would depend on credible actions taken to
achieve sustained fiscal consolidation.
Apart from that, it is conceivable the German economy could
benefit from the global recovery to a greater extent than is assumed
here, the central bank added.
Frankfurt newsroom +49 69 72 01 42; e-mail: frankfurt@marketnews.com

1.22 is possible by tomorrow I am still convinced a stocks bull trap is building this will be more convincing with a stronger EUR

ADIM


BOGGY ALERT BOGGY ALERT BOGGY BOGGY BOGGY

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pseudo : Newbie



Join Date: Apr 2010
Posts: 1
Superfxrobot

--------------------------------------------------------------------------------

Hi,

Does anyone have experience with the superfxrobot EA? Usually I don't deal with EAs but this one caught my attention because the vendor shows real and live accounts. That is a kind of unique and I wonder what's behind it.

Any kind of hint from users of this EA is most welcome.

Thanks!