Trade Desk Thoughts - German Consumer Confidence

Actual 1.5, Expected 2.0, Previous 1.9 (revised from 2.1)

Release Explanation: The release builds an economic picture of the mood of the economy's consumer and therefore how well the Service based economies may fair over the coming months.

Trade Desk Thoughts: German Consumer Confidence has declined since the previous month. The released number for the month of September came in at 1.5, versus analyst expectations of 2.0. Last month's number was revised lower from 2.1 to 1.9. Consumer confidence in Germany is at the lowest point in the last few years, as economic development slowdowns and inflation are cutting the purchasing power of consumers.

Forex Technical Reaction: The Euro fell 8 pips after the release, having a very weak reaction. The euro is trading just above TheLFB S1, after the pair declined today 90 pips

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.