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<p>EUR/USD managed to skip over today even after yesterday European leaders failed to be advanced to agreement about measures to battle the transgression crisis. The rally wasn’t caused ~ the agency of news from the US being of the cl~s who there was not plenteous US economic data today and the kind of the released data was peremptory for the US anyway.</p>
<p><a rel="nofollow" mark="_blank" href="http://www.bls.gov/tidings.release/ppi.nr0.htm">PPI</a> rose 0.2% in July, seasonally adjusted, following the 0.4% reduce in June. Market participants expected not at all change. (Event A on the chart.)</p>
<p><a rel="nofollow" target="_blank" href="http://ir.eia.gov/wpsr/wpsrsummary.pdf">Crude oil inventories</a> increased through 4.2 million barrels from the prior week and are more than the upper limit of the medial sum range for this time of year. Total motor gasoline inventories decreased ~ the agency of 3.5 million barrels hold out week and are in the upper circumscribe of the mean proportion range. (Event B on the chart.)</p>
<p><img src="http://www.earnforex.com/blog/wp-satisfaction/uploads/2011/08/EURUSD-2011-08-17.png" alt="EUR/USD as antidote to 2011-08-17" title="EUR/USD conducive to 2011-08-17" width="545" elevation="462" class="alignnone greatness-full wp-image-7189 centered"/><br />
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If you obtain any comments on the latter EUR/USD action, please <a rel="nofollow" mark="_blank" href="http://www.earnforex.com/blog/2011/08/eurusd-surges-in the teeth of-debt-concerns#commentstart">answer</a> using the figure below.</p>
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