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Date Posted: 01:03:05 05/15/12 Tue
Author: Charisse Bartoli
Subject: German GDP boosts markets

This morning, risk on assets have received a boost after preliminary German GDP came in well above estimates at +0.5%. French GDP came in as expected with 0% growth. The AUD/JPY is leading the charge, up 0.50%, with the AUD/USD also up 0.47%.

The euro is also enjoying a rebound of sorts, with the EUR/JPY up 0.29% and the EUR/USD up 0.24%. Even the beaten up EUR/GBP is rallying, up 0.16%.

No such luck for gold though, which is off by another 0.15%.

This morning, keep your eye on Italian GDP figures at 09.00 with a drop of 0.6% expected.  At 09.30 we have UK trade balance figures. At 10.00, we have perhaps the morning's most important items; German ZEW economic sentiment. European wide sentiment and flash GDP are released at the same time. At 13.30 we have core US CPI and retail figures along with Empire state manufacturing index.

Is this morning's Aussie rally the start of a turnaround, or simply traders covering profits on their short trades? It's very hard to say what is going on right now, but with the questions in Europe still remaining unanswered, a downside trade could be the better option on the AUD/USD.

A good way to trade this might be a LOWER trade on BetOnMarkets.com predicting that the pair closes below 0.9975 in 1 days time for a potential return of 162%.

Get this trade now, go to: http://goo.gl/RQPNA

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