- Tuesday, 08 March 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 09 March
From Eurozone, yesterday, German Industrial Production figures were released. In January 2016, production in industry was up 3.3% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In December 2016, the corrected figure shows a decrease of 0.3% (primary –1.2%) from November 2015. In January 2016, production in industry excluding energy and construction was up by 3.2%. Within industry, the production of capital goods increased by 5.3% and the production of consumer goods by 3.7%. Read more...
- Tuesday, 08 March 2016
- News
German Industral Production rose by 3.3%
- Monday, 07 March 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 08 March
From Eurozone, yesterday, German Factory Orders figures were released. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in January 2016 a seasonally and working-day adjusted 0.1% on December 2015. Analysts were expecting 0.4% increase. For December 2015, revision of the preliminary outcome resulted in a decrease of 0.2% compared with November 2015, particularly due to the subsequent report of a major order (primary —0.7%). Read more...
- Monday, 07 March 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 08 March
Euro was initially pushed lower in the course of the Monday's session, but found area around 1.0950 handle to be supportive enough in order to turn around and break once again above 1.10 handle, but with resistance around 1.1025 area. With no major data releases on Tuesday we can expect another steadier session. Pair is likely to find some amount of support around 1.0950 and 1.09 level in extension, Friday's low, while area around 1.1050 level which was previously supportive should offer some amount of resistance. Read more...
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