Euro little changed in a steadier European part of the session

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Friday, Mar 06 2015

There are no major data releases from Eurozone today. Earlier, German Industrial Production and French Trade Balance figures were released. Production in industry in Germany was up by 0.6% from the previous month on a price, seasonally and working day adjusted basis. This was in line with market forecasts. In January 2015, production in industry excluding energy and construction remained at the level of the previous month.

Within industry, the production of intermediate goods and the production of consumer goods decreased by 0.4%. An increase of production was recorded for capital goods (0.5%). Energy production was at the preceding month’s level. The production in construction increased by 5.0%. French Trade Balance deficit widened to 3.7 billion euros, missing market forecasts on 3.3 billion euros deficit.

Euro was little changed this morning currently being traded around 1.1020 area. Later today, in the US session, NFP and Trade Balance figures are scheduled for a release. Until then pair is likely to find support at 1.10 handle and resistance above 1.1050 level.

More in this category: « Aussie slightly higher in a quite morning trade Sterling still in a downtrend »

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