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Drop in German factory orders to lead industrial production lower – TDS

FXStreet (Delhi) – Richard Kelly, Head of Global Strategy at TD Securities, suggests that today’s fall in German factory orders are likely to be fully reflected in the German IP data tomorrow, where we’re calling for a 1.5% drop vs market expectation of a 0.2% gain

Key Quotes

“German factory orders fell 1.8% in August, much weaker than the 0.5% gain forecasted by markets, but in the direction we expected. Like last year, auto plants shifted their seasonal shutdowns around from their usual pattern, and consequently, auto production fell 22% in August and rebounded 15% in September.”

Goldman Sachs: Fed to delay lift-off till 2016 – Investec

Research Team at Investec, note that that the Goldman Sachs New-York based chief economist now says there’s a chance the Fed will delay its planned interest rate increase well into 2016, or even later, despite holding a December lift off as their central forecast.
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EUR/USD clings to 1.1200, Treasury yields fall further

The EUR/USD pair manages to retain gains above 1.12 handle in the mid-European session amid higher European stocks and falling US treasury yields.
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