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Euro little changed with no data ahead

Tuesday, Nov 10 2015
In September 2015, output stagnated in the manufacturing industry (0.0% after +2.2% in August), and remained virtually stable in the industry as a whole (+0.1% after +1.7% in August). This was in line with market forecasts. Over the third quarter of 2015, output remained virtually stable in the manufacturing sector (+0.1% q-o-q) and increased modestly in the overall industry (+0.4%).
 In September 2015 the seasonally adjusted industrial production index increased by 0.2% compared with the previous month, missing predictions on 0.5% increase. The calendar adjusted industrial production index increased by 1.7% compared with September 2014 (calendar working days in September 2015 being the same as in September 2014). The unadjusted industrial production index increased by 1.7% compared with September 2014.
 
Euro is currently being traded around 1.0730 area. Pair is likely to find support around 1.07 handle and resistance above 1.0770 level. There will be no major data releases in the rest of the session.
More in this category: « China's CPI increased less than expected, PPI continues to fall US Import Prices fell by 0.5% »

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