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Message: [QUOTE="titanfx, post: 84790, member: 33464"] [b]Dollar Slides Post Disappointing US Production Report[/b] [B]Key Highlights[/B] • US Dollar was seen trading lower against a basket of currencies, including the Japanese Yen. • The Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York came in at -1.98 in June 2015, whereas the market was expecting an increase to 5.20. • US Industrial Production released by the Board of Governors of the Federal Reserve declined by 0.2% in May 2015, compared with the forecast of a 0.2% rise. • Canadian Manufacturing Shipment released by the Statistics Canada decreased by 2.1% in April 2015, compared to the last increase of 2.9%. [B]US Industrial Production[/B] In the US, the Industrial Production, which shows the volume of production of US industries such as factories and manufacturing was released by the Board of Governors of the Federal Reserve. The forecast was lined up for an increase of 0.2% in May 2015, compared with the preceding year. However, the outcome was a negative one, as the US Industrial Production declined by 0.2%. The report stated that “In May, the index for mining moved down 0.3 percent after declining more than 1 percent per month, on average, in the previous four months”. [IMG]http://s1.postimg.org/8g285chlb/US_IP.png[/IMG] The US Capacity Utilization was also published, which measures the US production capacity which is actually used. The outcome was again on the lower side compared with the forecast of 78.2%, as it came in at 78.1%. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]

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