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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Notice

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • 🇰🇷 Unemployment Rate (MAR) Actual: 3.9% Previous: 4% https://www.dailyfx.com/economic-calendar#2021-04-13
  • RT @RiskReversal: This week on @macrosetup from @IG_US, @GuyAdami & I take a look under the hood of the $SPX & $NDX at all time highs as mi…
  • Heads Up:🇰🇷 Unemployment Rate (MAR) due at 23:00 GMT (15min) Previous: 4% https://www.dailyfx.com/economic-calendar#2021-04-13
  • Hello Traders! Apologies for the last-minute change in scheduling, but I will be hosting my biweekly webinar an hour earlier than normal Please join the session below, starting in about 20 minutes I will be covering the #Yen and Swiss #Franc around retail trader positioning! https://t.co/i1ctUMp221
  • Please join @ddubrovskyFX at 19:00 EST/23:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here: https://t.co/Bb3CTCTm44 https://t.co/UxS5mmoG2K
  • Top event risk for the next 24 hours according to what I think generates actual market movement: Earnings (GM, JPM, BBBY); CB speak from Powell, Lagarde, Kuroda; US Senate Foreign Relations Committee meeting on Chinese policy. Missing anything important?
  • The USD was flat against SGD, THB, IDR and PHP as falling Treasury yields offset potential gains from Emerging Market Stock declines. Ahead, all eyes are on Chinese GDP, US CPI, Powell and the MAS. Get your $USD market update from @ddubrovskyFX here:https://t.co/qwileJ3OUX https://t.co/i1U5Frptnn
  • RT @BrendanFaganFx: Grab SPAC Set to Take Markets by Storm, After Commanding $40 Billion Valuation Link: https://www.dailyfx.com/forex/market_alert/2021/04/13/Grab-SPAC-Set-to-Take-Markets-by-Storm-After-Commanding-40-Billion-Valuation.html
  • Gold remains in a range just above the March lows / technical support at 1682/89 with price drifting towards the upper bounds. Get your $XAUUSD market update from @MBForex here:https://t.co/4VJsyYuuyj https://t.co/IzeSIJCKmy
  • Coinbase direct listing reference price set at $250 - BBG $COIN
Euro-Zone Industrial Production Rises in February

Euro-Zone Industrial Production Rises in February

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone industrial production rose 0.4% in February -> Markit says PMI’s point to another quarter of recession -> Euro trading lower today

Euro-zone industrial production rose 0.4% (seasonally adjusted) in February, beating expectations for a 0.2% rise and up from the revised 0.6% decline in January. Industrial production fell by 3.1% from February 2012, according to Eurostat.

The Netherlands and Slovenia saw the largest rise in production, up 3.4% in each country over February. German industrial production rose 0.9% in February, while French industrial production rose 0.8%.

The Euro-zone has experienced five straight quarters of economic contraction, ending with a 0.6% GDP decline in the fourth quarter. Markit said that based on its PMI surveys, it sees no end to the recession in sight. Signs of economic expansion in the Euro-zone are Euro positive.

However, the slightly better than expected industrial production had little effect on Forex markets. EUR/USD has declined from 1.3100 at the beginning of the session to 1.3050 at the time of this writing, possibly on talks of Cyprus asking for a increase in its bailout package. From here, the key 1.3000 figure may continue to provide support.

EURUSD Daily: April 12, 2013

Euro-Zone_Industrial_Production_Rises_in_February_body_eurusd_daily_chart.png, Euro-Zone Industrial Production Rises in February

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES