The euro is currently showing a small daily gain against the U.S. dollar — its fourth bullish daily candle this week. The series of the better-than-expected or just good macroeconomic reports from the developed economies increases the attractiveness of the euro and other riskier assets as the investment medias. Today EUR/USD set its new highest level since September 25th, 2008. Currently it’s trading near 1.4718.
Building permits annual number rose from 564k to 579k in August. Building permits increased from 589k to 598k during the same period. The housing starts were expected to gain to 595k.
Initial jobless claims went down from 557k to 545k last week. They declined even faster than the forecast — 561k.
Phildaphia Fed index increased from 4.2 to 14.1 in September. This index indicates the manufacturing activity in the region.
Yesterday, some other important fundamental reports were released in the United States:
August’s CPI was reported with a monthly change at 0.4%, which followed an unchanged value of the consumer price index in July and was slightly better than 0.3% increase in the forecasts.
The preliminary report for the current account balance showed a deficit of $98.8 billion in the second quarter of 2009 — down from $104.5 billion. It’s lowest value of the deficit since Q4 2001. Forecasts by the economic strategists predicted a fall to $92.0 billion.
Net foreign purchases of the U.S. long-term securities were at $15.3 billion in July after $90.2 billion in June. Expected purchases value was near $60 billion.
Industrial production and capacity utilization both improved in August considerably. Industrial production went up by 0.8% after 1.0% gain a month before and 0.6% forecasts. Capacity utilization went up from 69.0% to 69.6%.
Commercial crude oil inventories decreased by 4.7 million barrels compared to the previous week in U.S. Total motor gasoline inventories increased by 0.5 million barrels during the same short period.
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