| EURUSD, GBPUSD. Market expects US Employment report. |
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11:47 08/02/2007 |
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The next data on the US economy showed that the economy of the USA still continues to balance between risks of the further distribution of production stagnation and inflationary risks. NAPM data showed yesterday that real sectors of economy of the USA are in a stage of recession. The generalized index of business activity fell to 53,4 points in July from 60,2 points in June. New orders demonstrated the greatest falling, it dipped to 53,4 points from 65,7 in June, they are the weakest data for the last half year. As this subindex is a leading indicator, its strong falling shows the market that in outlook that there is no need to hope for improvement of a situation in the nearest quarter. And there will follow the further delay of rates in industrial sector in the US economy. Data on industrial orders of Department of Commerce confirmed today results of researches of NAPM experts. Industrial orders showed small rise by 0,6 % in July after recession in June by 0,5 %. However market expected these data less, analysts predicted that orders would increase by 1 %. As a whole the majority of investors remain while in a shadow, the market expects key parameters of month the US employment report for July which will be published by Department of Labor on Friday. While be outside the market.
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