The PPI figures show major differences:
AUD Previous: 4.9% Current: 3.9%
JPY Previous: 4.3% Current: 3.6%
NZD Previous: 5.21% Current: 2.99%
USD Previous: 0.2% Now: 0.8%
CHF Previous: -0.6% Current: -0.6%
GBP Previous: 0.3% Now: -0.8%
CAD Previous: -5.5% Current: -2.7%
EUR Previous: -3.4% Now: -7.6%
The PPI indicates the change in price of finished products and services sold by producers. It gives a picture of the economy. We see that the European and UK economies move differently than those of the US. This has consequences for the dollar.
Today's actions:
#EURUSD : In line with the trend of the past few days, this pair is going short. We made a small sell today at 1.07240.
#EURCAD : a sell at 1.46145 executed in line with the short trend that has started since today.
#USDJPY : today the Dollar is picking up again and this has a direct impact on the dollar pairs like this. We put in a buy at 147.5.
AUD Previous: 4.9% Current: 3.9%
JPY Previous: 4.3% Current: 3.6%
NZD Previous: 5.21% Current: 2.99%
USD Previous: 0.2% Now: 0.8%
CHF Previous: -0.6% Current: -0.6%
GBP Previous: 0.3% Now: -0.8%
CAD Previous: -5.5% Current: -2.7%
EUR Previous: -3.4% Now: -7.6%
The PPI indicates the change in price of finished products and services sold by producers. It gives a picture of the economy. We see that the European and UK economies move differently than those of the US. This has consequences for the dollar.
Today's actions:
#EURUSD : In line with the trend of the past few days, this pair is going short. We made a small sell today at 1.07240.
#EURCAD : a sell at 1.46145 executed in line with the short trend that has started since today.
#USDJPY : today the Dollar is picking up again and this has a direct impact on the dollar pairs like this. We put in a buy at 147.5.