Talking Points
- Euro climbed higher against the US Dollar, and cleared a few major hurdles for a move towards $1.1700.
- The EURUSD is now correcting lower and forming an interesting structure on the daily chart.
- German Gross Domestic Product published by the Statistisches Bundesamt Deutschland posted a rise of +0.4% in the second quarter of 2015, compared with the preceding quarter.
- German business sentiment index was reported by the CESifo Group increased from the last reading of 108 to 108.3 in August 2015 whereas the market was expecting a decrease.
Key Highlights:
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