G + 7 = A Non-Event For Most Currencies...

G + 7 = a non-event for most currencies on foreign exchange. Hawkish ECB commentary by policy-makers had little effect on the Euro on Sunday's open, but economic data sparked a tiny rally into the European session. Industrial Euro-zone production declined by .4% in July, against a predicted value of .2%, catching most analysts by surprise. This report brings to light consecutive declines in production of non-durable goods and continued gains in energy production. The Euro dipped a bit as the news was absorbed, but it's not expected to hamper trading intra-day. Read More....