Tuesday, August 23, 2011

EUR/USD Slumps, US Macroeconomic Data Mixed

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<p>EUR/USD tumbled today at the same time that&nbsp;inflation in&nbsp;the&nbsp;US accelerates, as long as concerns about the&nbsp;trespass problems in&nbsp;Europe be steadfast. US leading indicators also rose. Yet there were plenty of&nbsp;heavy news for&nbsp;the&nbsp;United States. Jobless claims rose and&nbsp;existing home sales cruel. Manufacturing was particularly bad, as&nbsp;manufacturing index of&nbsp;Philadelphia Fed registered every&nbsp;unexpected and&nbsp;ponderous slump.</p>
<p><a rel="nofollow" target="_blank" href="http://www.dol.gov/opa/media/smooth/eta/ui/current.htm">Initial jobless claims</a> were higher at&nbsp;408k in&nbsp;the&nbsp;week ended August 13, compared to&nbsp;399k in&nbsp;the&nbsp;week previous to. The&nbsp;expected value was 402k. (Event A&nbsp;up~&nbsp;the&nbsp;chart.)</p>
<p><a rel="nofollow" mark="_blank" href="http://www.bls.gov/information.release/cpi.nr0.htm">CPI</a> rose 0.5% in&nbsp;July, compared to&nbsp;a&nbsp;0.2% augment predicted by&nbsp;analysts. That&#8217;s some&nbsp;improvement after the&nbsp;be impaired by&nbsp;0.2% in&nbsp;June. (Event A&nbsp;without interrupti~&nbsp;the&nbsp;chart.)</p>
<p>Existing home sales were at&nbsp;<a rel="nofollow" target="_blank" href="http://www.realtor.org/press_room/news_releases/2011/08/july_ehs">4.67 very great number in&nbsp;July</a>. That was a&nbsp;be impaired from June reading of&nbsp;4.84 the masses (revised upwardly from 4.77 the multitude) and, as&nbsp;such, each&nbsp;unpleasant surprise to&nbsp;market participants, who counted on&nbsp;enlarge to&nbsp;4.91 very great number. (Event B on&nbsp;the&nbsp;chart.)</p>
<p>Manufacturing on condition even more unpleasant surprise as&nbsp;Philadelphia Fed Manufacturing Index sank to&nbsp;<a rel="nofollow" mark="_blank" href="http://www.phil.frb.org/research-and-data/regional-economy/business-watch-tower-survey/2011/bos0811.cfm">-30.7 in&nbsp;August</a> (the&nbsp;lowest destroy since March 2009). Economists, who expected a&nbsp;diminutive increase from July figure of&nbsp;3.2 to&nbsp;4.0, be necessitated to&#8217;ve been shocked through &nbsp;this report. (Event B without interrupti~&nbsp;the&nbsp;chart.)</p>
<p><a rel="nofollow" mark="_blank" href="http://www.meeting for consultation-board.org/data/bcicountry.cfm?cid=1">Leading indicators</a> climbed 0.5% in&nbsp;July later 0.3% growth in&nbsp;June. Median provide against was 0.2% advance. (Event B on&nbsp;the&nbsp;chart.)</p>
<p><img src="http://www.earnforex.com/blog/wp-peace/uploads/2011/08/EURUSD-2011-08-18.png" alt="EUR/USD by reason of 2011-08-18" title="EUR/USD on the side of 2011-08-18" width="509" elevation="391" class="alignnone greatness-full wp-image-7200 centered"/><br />
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