Trading news

Expert's opinion from FXFinPro

Industrial production in the euro area grew by 2.1%

According to the data, which was published today, the volume of industrial production in the Eurozone rose by 2.1% in January, which is significantly better than the reduction of 0.5% in December last year. The average forecast for this indicator was at 1.7%. The growth of industrial production in January was the highest since September 2009. The highest growth of industrial production was recorded in Ireland (12.7%). These statistics improves the mood of investors, but a key influence on this week will have news on the Fed's decision regarding US monetary policy settings. In the case of more hawkish rhetoric, the euro price can greatly decrease and reach levels of 1.0800 and 1.0700.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Monday, 14 Mar, 2016 / 1:51

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

US employment data to dictate mood; OPEC can’t lift oil

  Spotlight falls on the US jobs report today; risks around dollar [...]

Posted on Friday, 06 Dec, 2019 / 10:10 under

Traders Eye Payrolls Report After Weak ADP

The markets continue to whipsaw ahead of today’s payrolls report. This [...]

Posted on Friday, 06 Dec, 2019 / 9:53 under

THE POUND ROSE TO ITS HIGHEST LEVEL IN ALMOST 7 MONTHS. WHAT'S NEXT?

On Wednesday, the GBP/USD crossed the 1.3000 level and set a new high in [...]

Posted on Friday, 06 Dec, 2019 / 9:35 under