EUR/USD Continues Its Drop in July Messages Oil Materially-production spare 22/07/2010

EUR/USD Continues Its Drop in July Messages Oil Materially-production spare 22/07/2010

EUR/USD continued the decline today before and after the issue in oil materially-production spare shown rather small increase. The Traders also on yesterday s news and on elevated level of the repulsion of the risk. The Exchange pair currently trades around 1.2818.

Materially-production spares to Crude oil rose 0.4 million barrel in USA for past week. In the interim gasoline materially-production spares of the total engine rose 1.1 million barrel. The Growing accompanied 5.5 million of declines of the barrels in crude oil and 1.6 million of increases of the barrels in gasoline materially-production spare week earlier.

Yesterday, report on home begins and building of the permits was released. The Home begins the carrion from 578k before 549k in USA in June. The Building of the permits rose from 574k before 586k., expected values of the forecast were 577k and 575k, accordingly.