OctaFX | OctaFX Forex Broker
Open trading account
Back

UK prints mixed industrial production numbers – TDS

FXStreet (Delhi) - James Rossiter, Senior Global Strategist at TD Securities, notes that the UK industrial production came in somewhat mixed, with a slightly weaker number on headline (-0.2% m/m) and a slightly stronger showing on the more important manufacturing component (+0.8% m/m).

Key Quotes

“Growth had surged in August on account of a recovery in auto production as holidays were (atypically) taken in July this year, so this data marks a return to more normal readings.”

“The UK trade data revealed a marked improvement in the trade balance, which fell from -£2.9B in August to just -£1.3B in September. The visible trade balance also improved considerably, moving from -£10.8B to -£9.4B. Strong goods exports (+2.4% m/m) and weak goods imports (-2.5% m/m) in September helped drive this improvement.”

USD/JPY: chances of a visit to 123.33 – Commerzbank

Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the possibility of the pair to reach 123.33 once 121.60/122.04 is cleared...
Read more Previous

USD going into the monthly jobs report with a bid - BBH

Research Team at BBH, notes that the US currency is trading on a strig footing ahead of the all-important US NFP data.
Read more Next
Start livechat