Hi there James here
What happened today
Eurozone retail sales released earlier today was a big disappointment, dropping -0.4% mom, -2.8% yoy in Jul. Eurozone Q2 GDP showed -0.2% qoq contraction, dragging yoy rate down to 1.5%. Services PMI recovered mildly to 48.5 in Aug. UK Services PMI unexpected improve to 49.2 in Aug but remains below 50. Nationwide consumer confidence which improved mildly to 52 in Aug but remains near to 4 years low. Australian Q2 GDP decelerated more than expected from downwardly revised 3.3% yoy to 2.7% yoy.
Here are some trades we today in the live lounge
Blue stop loss
orange entry
Red take frofit
total 140 pips
