Tuesday, August 23, 2011

EUR/USD Surges Despite Debt Concerns

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<p>EUR/USD managed to&nbsp;skip over today even after yesterday European leaders failed to&nbsp;be advanced to agreement about measures to&nbsp;battle the&nbsp;transgression crisis. The&nbsp;rally wasn&#8217;t caused ~ the agency of&nbsp;news from the&nbsp;US being of the cl~s who&nbsp;there was not plenteous US economic data today and&nbsp;the kind of the&nbsp;released data was peremptory for&nbsp;the&nbsp;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&nbsp;July, seasonally adjusted, following the&nbsp;0.4% reduce in&nbsp;June. Market participants expected not at all change. (Event A&nbsp;on&nbsp;the&nbsp;chart.)</p>
<p><a rel="nofollow" target="_blank" href="http://ir.eia.gov/wpsr/wpsrsummary.pdf">Crude oil inventories</a> increased through &nbsp;4.2 million barrels from the&nbsp;prior week and&nbsp;are more than the&nbsp;upper limit of&nbsp;the&nbsp;medial sum range for&nbsp;this time of&nbsp;year. Total motor gasoline inventories decreased ~ the agency of&nbsp;3.5 million barrels hold out week and&nbsp;are in&nbsp;the&nbsp;upper circumscribe of&nbsp;the&nbsp;mean proportion range. (Event B on&nbsp;the&nbsp;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&nbsp;the&nbsp;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&nbsp;figure below.</p>
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