Forex 28/ 06: Michigan Consumer Sentiment (USA)

Japanese economic data released last night were encouraging, the industriellenous production showed sustained at a much faster rate than what was initially expected improvement (2% instead of 0.2%).

The figure of the price index (CPI) in particular provided a stimulus to the economy and the Japanese currency since it remains below 0.2%.


The U.S. economy is also in a good cycle, overall we can note that the U.S. economic data this week have been quite positive, for example the weekly unemployment claims published in Thursday were
full compliance with the expectations of traders and what was expected by analysts, they are even placed below the 350,000 applicants for aid for unemployed (346,000), the decline in unemployment is a positive sign for the economy
.

Personal income or figures related to real estate sales as pending home have also been growing and we have shown a marked net increase of 6.7% compared to the last figures published in previous months and instead
of 1% growth that were scheduled for this month.

These good figures indicate that the U.S. economy continues to improve in the second quarter and shows no sign of weakness for the moment at the entrance of the third quarter.   While the attention of traders is likely to turn to the United States once again today with the release of figures Michigan consumer sentiment should we show a slight improvement (change from index 82,
7 to 83.1) and reflecting the growing activity of American consumers and optimism we also have some news earlier this morning on the European side which remains relatively low importance such as the Italian CPI or CPI
German.