PPI and Trade Balance Make EUR/USD Drop Farther

EUR/USD dropped to its new mid-term minimum (since 07/02/2007) at 1.3560, continuing its fall after the major currency intervention by European Central Bank, which took place yesterday to prevent a possible low liquidity on the financial markets of the European Union. Some good macroeconomic news released in U.S. added some fuel to dollar rally.
Producer Price Index came out at 0.6% increase compared to 0.1% consensus value and -0.2% previous value. Core component of PPI was worse but not dramatically - 0.1% of growth compared to 0.2% in forecast.
U.S. Trade Balance report showed some psychologically positive numbers. Unfortunately for the U.S. they are still mathematically negative, but nevertheless trade balance deficit continue to decrease. In June it was -$58.1 billions ($2.9B better than expected and $1.1B better than previous month).

Day of Economical Releases and EUR/USD Calming

EUR/USD calmed a little today, not reaching 1.3800 level, as the majority of traders expected some important data from U.S. statistics. Data came out mixed, but generally better for dollar than for Euro. Producer Price Index in June this year showed a slight decline (-0.2%), while consensus was at +0.1%. PPI excluding food & energy to he contrary increased by 0.3% (0.2% expected). For the stock market main surprise has been prepared by the U.S. Treasury - Net Foreign Purchases in May were $126.1 billion (against $80.3B expected). Industrial production growth for June (a very important component of GDP) came out at 0.5% and the Industrial Capacity Utilization was at 81.7% (81.4% expected). So what do we get today? Very good signs of economical growth - foreign investments and high productivity - one hand, and disappointing data on inflation on the other hand. More news to come this week, so get ready for some more surprises and try to get some pips when EUR/USD starts rolling again.

EUR/USD Ranging while Macroeconomics Show No Surprises

Today, Forex was pretty calm for EUR/USD pair with the only spike to 1.3279. But this day was rich on the macroeconomic releases bot from Eurozone and U.S. Though, they were in the bounds of experts' expectation. European CPI came out to be slightly lower than expected in month to month representation. U.S. jobless claims were one thousand lower than expected, but the previous number was revised towards a bit higher value. Producers Price Index in U.S. increased better than expected - 0.9% against 0.6%.