Million Dollar Pips

Premium Review Of Million Dollar Pips

G20 Meeting Started, Bolstering EUR/USD

EUR/USD jumped right now as the leaders of the Group of Twenty started their meeting in Paris right now. The G20 chiefs will discuss the European sovereign-debt crisis and the actions necessary to be taken in order to resolve the situation that threatens the global economy. The news from the US had been great for the most component, except for the preliminary report about the sentiment of Americans that showed a deteriorating confidence.

The advance reading for US retail sales showed a monthly boost of 1.1% in September, which was about two time above the forecast value — .5%. The August figure was revised from zero (.% alter) to 0.three% enhance. (Event A on the chart.)

Import and exports costs rose in September. Import prices increased .3% last month after falling .4% in August (revised from .4%). Marketplace participants expected a drop by 0.three%. Export prices increased .4% in September, following the advance by 0.5% in the previous month. (Event A on the chart.)

Preliminary estimate of Michigan Sentiment Index showed a drop to 57.5 in October from 59.4 in September (positively revised from 57.8). Traders hoped for an increase to 60.2. (Event B on the chart.)

Enterprise inventories in August showed the same rate of growth as in July — .five%. Median forecast was .four%. (Event B on the chart.)

Deficit of US Treasury budged shrank to $64.4 billion in September from $134.1 billion in August. The actual reading was near the forecast value of $65. billion. (Event C on the chart.)

EUR/USD for 2011-10-14

Tags: , , , , , , , , , , , ,

No comments yet.

Leave a Comment

Remember to play nicely folks, nobody likes a troll.