OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD keeps the 1.3475/80 region after EMU data

The shared currency remains in the 1.3475/80 region on Wednesday, after the industrial production in the euro bloc expanded 0.7% on a monthly basis during December, beating expectations and previous print at +0.2% and -0.7%, respectively. Over the last twelve months, the industrial production contracted 2.4%, matching forecasts and above November’s fall of 4.0%.

As of writing, the cross is up 0.16% at 1.3477 and a surpass of 1.3492 (MA10d) would clear the way to the psychological level at 1.3500 and then 1.3577 (high Feb.7).
On the flip side, support barriers line up at 1.3364 (low Feb.12) followed by 1.3325 (low Feb.11) and 1.3300 (psychological level).

EMU: Annual Industrial Production contraction slows down in December

Eurozone annual Industrial Production w.d.a. dipped for the thirteenth consecutive month in December by 2.4%, following a 4% decrease in November, Eurostat reported on Wednesday. This result is in line with projections.
Read more Previous

Forex Flash: Fed backs off allegations of currency war – Deutsche Bank

Following the G7's well-publicized statement yesterday calling for "fiscal and monetary policies that…will not target exchange rates", there were a number of subsequent conflicting statements. An unnamed official was quoted as saying that the G7's statement "signaled concern about excess moves in the yen. The G7 is concerned about unilateral guidance on the yen".
Read more Next
Start livechat