FOREXYARD: Forex News Blog | |
- Canadian Prices Fall, Retail Sales Rise
- Euro Zone Industrial Sector Expecting Boom in Autumn?
- Australian Inflationary Data Gets Bump from Import Prices
| Canadian Prices Fall, Retail Sales Rise Posted: 22 Jul 2011 06:12 AM PDT
A clear correlation between this afternoon's data from Canada can be seen on today's economic calendar. News released by Statistics Canada today regarding its consumer price index (CPI) and retail sales underscores the country's economic stand-point. Canada's CPI, both nominal and core, revealed a sharp decline in consumer inflation suggesting a downturn in the price for goods and services. Concurrently, however, the northern giant published data that these price declines may have helped fuel resurgence in retail sales. The afternoon publication of sales figures showed a 0.5% increase in core sales, and 0.1% growth in the country's nominal data. Read more forex trading news on our forex blog. |
| Euro Zone Industrial Sector Expecting Boom in Autumn? Posted: 22 Jul 2011 06:09 AM PDT
Data released by Eurostat this morning displayed an unexpected turn in the region's industrial sector. For the past few months industrial orders have been in decline as transportation costs soared and Japanese output dwindled following the recent earthquake and tsunami. This morning's release, however, signaled a 3.6% increase in new industrial orders for the euro zone in June, hinting at a resurgent leap in output for that sector of the region's economy. Expectations were for an increase of only 0.7% following last month's 0.1% contraction. The news could help the euro (EUR) regain some of its former strength during these times of risk aversion. Read more forex trading news on our forex blog. |
| Australian Inflationary Data Gets Bump from Import Prices Posted: 22 Jul 2011 06:06 AM PDT
The Australian Bureau of Statistics released data this morning which countered a forecast expecting a downturn in consumer inflation. The percent change in price for goods purchased by importers rose 0.8% this quarter, beating an expected dip of 1%. Though the data has a delayed impact on inflationary adjustments, the news that import prices shifted higher, rather than lower, signals a continuation of inflationary growth at the consumer level in Australia. Over the coming weeks, the Australian dollar (AUD) may see some buying pressure as traders anticipate economic growth. Read more forex trading news on our forex blog. |
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