United Kingdom accelerates; small trade with achieve of TP

hello,

United Kingdom accelerates, exactly, yesterday and today we met very good data from the UK. Optimism in the economy of the country is significantly higher than in the economies of the European Union. Retail (Services) PMI index for the UK was up by 62.5 points. This is the best reading in 16 years! This is very positive news for the British economy since the services in this country are responsible for 75 percent of the gross domestic product.

If we look at the employment sub-index was 56.2, and he also was the best in 16 years. Moreover, this set of data means that the improvement in the labor market at the end of the year should be much better than predicted by the BoE.

Today, we continue the good data:

Industrial Production in September (quite old):  2.2% y/y, expect: 1.7% y/y and 0.9% m/m, expect: 0.7% m/m

Manufacturing Production in October: 1.2% m/m, expect: 1.2% m/m

In addition, it is worth noting today, reading industrial orders in the German economy (in September): 3.3% m/m, excpect: 0.6% m/m, previous: -0.3% m/m

Very good data from Germany resulted a quick appreciation of the euro against dollar, which I was trade on the forex with TP close to the 3540 level. Both trades reached levels indicated by me. Fast trades and fast profit booked. Regardless of today's trades, My recommendation for EUR/USD from 27th October is still actual. <link>

chart 1. EUR/USD M15, fast trade 2013-11-06

regards,
oscarjp