about 7 years ago
XE Market Analysis: North America - Aug 01, 2014
By: XE Market AnalysisEUR-USD and USD-JPY maintained narrow ranges ahead of today's U.S. jobs report showstopper, while GBP-USD dropped to fresh lows following a sub-expectations manufacturing PMI print out of the U.K, which adds to recent signs that recovery momentum is coming off the boil, and AUD-USD carved out a fresh low following soft Australian PPI data.[EUR, USD]EUR-USD has remained heavy after Eurozone inflation data yesterday, which dipped to 0.4% in the flash July HICP measure, the lowest rate seen since 2009, though the market is stuck in a stasis ahead of today's U.S.. Read more
, industrial production is still a very important indicator of current current business activity. Unfortunately, as the charts from the latest report show, this indicator is sending concerning signals about the health of the Japanese economy.&p[images][0]=//xecommunityassets.s3.amazonaws.com/Japanese IP.png){kind=link}
