US economic data go well European silver loose euro plunge

FXCM's official website December 19--In the late Thursday, the United States released a series of major economic data, including good and bad. The November-year-earlier consultation chamber was much better than expected, and the Philadelphia Manufacturing index was not very good, offsetting the benefits of a drop in jobless claims. European banks ' loose monetary policy has caused the euro to plummet as the US economic data go well.

November 2014 U.S. Chamber of Commerce performance gratifying December Philadelphia manufacturing Index worrying:

The data indicate that the US November Advisory Chamber's indicators were heavily received from published data, slightly higher than last month. Above expectations of 0.1%, all statistical indicators are much better than the previous one months. The December manufacturing index in Philadelphia, however, is a worrying one, with only 24 points. Far less than previously expected.

The FXCM FXCM platform introduced a certain increase in the dollar index before the news was released, but the subsequent drop in the number of initial employment payments dropped, leaving the dollar index back to 89.17. Despite this, investors remain bullish on the US economy.

In the UK, the UK has shown better data to make the pound rise. The increase in retail sales, which has benefited from the UK, is the largest since this year. So sterling rose sharply against the dollar. The UK's November retail sales figures were much better than previously expected, giving investors a shot at the confidence of the UK economy.

In view of the overall economic situation in Europe, the EU will take a period of time to adopt a very loose monetary policy to stimulate European economic growth, so not far, the EU's currency will appear devaluation. And the dollar and the pound will rise at this time. If you are interested in Forex, you can contact our FXCM FX Platform customer service, apply for a demo account in our FXCM, demo account not only free and enthusiastic customer service guidance.

US economic data go well European silver loose euro plunge