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Dollar got the first refresh click in 2014

News Date: 21/8/2014 21:25:39
 

Existing home sales +2.65 June 2014 is the first sign of positive revival in the US economy. The US economy did suffer last winter from a tragic snow storm where real estate sector froze from cold wind blow.  Now the real estate sector is recovering from a deep sleep to rise with green results and this advance in home sales is expected to continue during the months to come.

On the other hand, pending homes sales index decreased -1.06 during June 2014, reflecting a slow melting ice from winter storm still delaying the real estate action for this year, with no increase in retail sales  in July 2014 hard for the economy to recover faster.

Non Fram Payroll July 2014 gives us a clearer answer with a decrease of -29.87% showing weak employment numbers creation as bumpy waves for dollar strength. S&P 500 Index +0.25% Aug 20, DJ Industrial Ave Actual +0.35% Aug 20 show that stocks still rising in steady prudent steps where Nasdaq Composite Index ease down -0.02%  Aug 20. 

Among majors USDJPY scored 1,78% the biggest high and low move for this week, with a bullish tone to advance more up. All eyes will be waiting the Non Fram Payroll of August 2014 where the market will take a clearer decision where to go next.

Article Provided By Fxhighway LLC

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