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US: Capacity utilization improves but Industrial Production falls -0.1%

Although capacity utilization in the US improved from 78.8% (revised from 79.3%) to 79.1% in January, beating 78.9% consensus, industrial production fell -0.1%, instead of rising 0.2% as expected. Last month's data was revised lower, from 0.4% to 0.3%.

US Jan Capacity Utilization decreases to 79.1% vs 79.3% (Dec)

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Forex Flash: Bunds look to get back on track in next 2-3 weeks – RBS

According to Dmytro Bondar, “the next 2-3 weeks are likely to be positive for Bunds, as the price has formed a bullish engulfing candlestick pattern on the weekly continuation chart and closed the 142.50 weekly bearish gap. Also, there is an inverse head and shoulders looming on the daily chart. These signals suggest a high likelihood of recovery to the next pivot point of 143.70/144.00, formed by Fibonacci retracements and 13-week moving average, and above to the 145.00 region.”
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