- Tuesday, 09 February 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 10 February
Yesterday's session brought German Industrial Production and Trade Balance figures from Eurozone. In December 2015, production in industry in Germany was down 1.2% from the previous month on a price, seasonally and working day adjusted basis, thus missing forecasts on 0.2% increase. In November 2015, the corrected figure shows a decreased of 0.1% (primary –0.3%) from October 2015. In December 2015, production in industry excluding energy and construction was down by 1.1%. Within industry, the production of capital goods decreased by 2.6% and the production of consumer goods by 1.4%. The production of intermediate goods showed an increased 0.8% .Energy production fell by 3.0% in December 2015 and the production in construction decreased by 0.2%.
Read more...- Tuesday, 09 February 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 10 February
Euro was pushed higher in the course of the yesterday' session, all the way to above 1.13 handle, which is of course quite bullish sign, especially since there were no major data releases. Tomorrow we can expect more volatility with Janet Yellen's testimony. We can expect some amount of support around 1.12 handle, previous resistance, and resistance above 1.14 handle, and 1.15 handle in extension. Read more...
- Tuesday, 09 February 2016
- News
German Industrial Production decreased by 1.2%
In December 2015, production in industry in Germany was down 1.2% from the previous month on a price, seasonally and working day adjusted basis, thus missing forecasts on 0.2% increase. In November 2015, the corrected figure shows a decreased of 0.1% (primary –0.3%) from October 2015. In December 2015, production in industry excluding energy and construction was down by 1.1%. Within industry, the production of capital goods decreased by 2.6% and the production of consumer goods by 1.4%. The production of intermediate goods showed an increased 0.8% .Energy production fell by 3.0% in December 2015 and the production in construction decreased by 0.2%.
Read more...- Monday, 08 February 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 09 February
Yesterday's session brought Sentix Investor Confidence figures from Eurozone. The euro zone proves, is it any wonder there, as not immune to the enormous loss of momentum in the global economy. The sentix economic sentiment indicator for the euro zone loses again 3.6 points and is thus at only +6 points. The current assessment index falls for the third time in a row to its lowest level since April 2015. The expectation index got hit even harder. With +1.5 points the index is at the lowest level since November 2014. Read more...
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