News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • 🇯🇵 Unemployment Rate (SEP) Actual: 3.0% Expected: 3.1% Previous: 3.0% https://www.dailyfx.com/economic-calendar#2020-10-29
  • What is the US Dollar outlook based on retail positioning ahead of the November 3rd presidential election? EUR/USD may fall as AUD/USD rises. Which way could USD/CAD capitulate? Find out from @ddubrovskyFX here:https://t.co/BVoIcR9anM https://t.co/QW3h3nIYXX
  • Heads Up:🇯🇵 Unemployment Rate (SEP) due at 23:30 GMT (15min) Expected: 3.1% Previous: 3.0% https://www.dailyfx.com/economic-calendar#2020-10-29
  • - #Biden is leading in the polls but a last-minute surprise could be in the cards - #Covid-19 case spike, fiscal stalemate souring sentiment and derailing outlook - #AUDUSD puncturing support at 0.7018 may open the door to further declines https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/10/29/AUDUSD-Selloff-May-Deepen-With-Stalemate-on-Fiscal-Talks-Biden-Leads.html
  • The Dow Jones will look to earnings from Apple, which was once the largest component of the index. Get your #Dowjones market update from @PeterHanksFX here: https://t.co/X9sHddneM4 https://t.co/yhKKhjd7Kr
  • The Indian Rupee may weaken following a breakout higher in USD/INR. Despite rising global stock market volatility, the Nifty 50 has been holding its ground. Could it capitulate lower? Find out from @ddubrovskyFX here:https://t.co/BNJ5uTKz1A https://t.co/x0YxwlKWaR
  • Relief rally ahead for $AUDNZD? Bullish RSI divergence at key psychological support (1.0600) suggests a rebound back towards the 21-MA (1.0626) and 50-MA (1.0659) could be on the cards Conversely, a break below 1.0590 probably opens the door for further losses. $AUD $NZD https://t.co/1zUvYXyLBh
  • WTI Crude Oil fell to a fresh four-month-low this morning. This fresh low broke through range support that’s held for the better part of two months. Get your #crudeoil technical analysis from @JStanleyFX here: https://t.co/UMeWEIrTSh https://t.co/a3Ujc3Rf2z
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.02% 🇳🇿NZD: -0.16% 🇦🇺AUD: -0.25% 🇬🇧GBP: -0.42% 🇨🇭CHF: -0.59% 🇪🇺EUR: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/vspt9gv2qH
  • Nasdaq futures pivot sharply lower in the wake of earnings from $AMZN, $GOOGL, $FB and $AAPL, which comprise over 35% of the tech-heavy index collectively. $NQ_F $NDX still trading positive on the day. https://t.co/w5yqbxsqjb https://t.co/4jxdwQY8yo
Euro Rises on Muted Drop in Industrial Production

Euro Rises on Muted Drop in Industrial Production

2012-06-13 09:36:00
Benjamin Spier, Technical Strategist
Share:

THE TAKEAWAY: Eurozone industrial production drops 0.8% in April, beats expectations -> Spanish benchmark yields set new 15-year high -> Euro on the rise

Industrial production in the Eurozone was down 0.8% during April, which was still better than the 1.2% fall expected by surveyed analysts. Industrial production for March was revised higher to -0.1%. Compared to April 2011, production was down 2.3%, according to the statistics office of the European Union.

The EC’s 0.8% drop was worse than the EU’s 0.4% drop in industrial production during April. Capital goods led the fall in production, which was down 2.6% in the Eurozone, while energy production was up 6.9%. The biggest decline by country was seen in Portugal, which was down 6.5%, followed by the usually strong Germany which saw a 2% decline in April.

An end to the European debt crisis still seems far off as initial excitement from last weekend’s Spain aid deal has died down and Spanish 10-year bond yields were pushed to 15 year highs yesterday at 6.83 percent. Speculation has risen about the possibility of Italy seeking a similar bailout in the upcoming months.

Euro_Rises_on_Muted_Drop_in_Industrial_Production_body_eurusd.png, Euro Rises on Muted Drop in Industrial Production

EUR/USD rose to two-day highs on the lower, yet better than expected, industrial production results. The pair is up today following two days of little market news. Volatile trading is expected in the markets as anticipation builds for the Greek elections this Sunday.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES