Tuesday, August 23, 2011

EUR/USD Down as European Fundamentals Show Slowdown

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<p>EUR/USD went sink today after the&nbsp;reports signaled that Europe&#8217;s good housewifery continues to&nbsp;experience slowdown. The&nbsp;data from the&nbsp;US too showed some negative results. Housing starts and&nbsp;structure permits decline last month. Export prices were also down. On&nbsp;the&nbsp;other bunch , import prices increased, while industrial produce and&nbsp;capacity utilization not without more grew more than expected, but furthermore received a&nbsp;positive revision of&nbsp;the&nbsp;anterior readings.</p>
<p><a rel="nofollow" mark="_blank" href="http://www.census.gov/const/newresconst.pdf">Housing starts and&nbsp;edifice permits</a> went from the top to the bottom of in&nbsp;July. Housing starts were at&nbsp;a&nbsp;seasonally adjusted occurring once a year rate of&nbsp;604k, compared to&nbsp;the&nbsp;revised June valuation of&nbsp;613k. Building permits were at&nbsp;a&nbsp;seasonally adjusted lasting a year rate of&nbsp;597k, compared to&nbsp;the&nbsp;revised June value of&nbsp;617k. Forecasts promised expansion to&nbsp;600k and&nbsp;601k respectively. (Event A&nbsp;on&nbsp;the&nbsp;chart.)</p>
<p><a rel="nofollow" mark="_blank" href="http://www.bls.gov/news.release/ximpim.nr0.htm">Import prices</a> increased 0.3% in&nbsp;July, hind declining 0.6% in&nbsp;the&nbsp;preceding month. Analysts predicted no change. <a rel="nofollow" target="_blank" href="http://www.bls.gov/recent accounts.release/ximpim.nr0.htm">Export prices</a> hem 0.4% in&nbsp;July, following enlarge by&nbsp;0.1% in&nbsp;June. That was the&nbsp;first decrease since July 2010. (Event A&nbsp;without interrupti~&nbsp;the&nbsp;chart.)</p>
<p>Both <a rel="nofollow" mark="_blank" href="http://www.federalreserve.gov/releases/g17/current/default.htm">pertaining production and&nbsp;capacity utilization</a> rose greater quantity than expected in&nbsp;July. Industrial product increased 0.9%, compared to&nbsp;the&nbsp;predicted augment of&nbsp;0.5%, under which circumstances capacity utilization rate advanced to&nbsp;77.5%, compared to&nbsp;the&nbsp;foresee advance to&nbsp;77.0%. Production rose 0.4% (revised from 0.2%) and&nbsp;utilization was at&nbsp;76.9% (revised from 76.7%) in&nbsp;June. (Event B in successi~&nbsp;the&nbsp;chart.)</p>
<p><img src="http://www.earnforex.com/blog/wp-~ed/uploads/2011/08/EURUSD-2011-08-16.png" alt="EUR/USD during the term of 2011-08-16" title="EUR/USD ~ the sake of 2011-08-16" width="579" height="330" class="alignnone volume-full wp-image-7182 centered"/><br />
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