Yesterday data on France and Germany was worse than forecasts. Trade Balance in France was -4.9 billion euro vs. estimates for -4.8 billion; Germany’s Factory Orders in August against estimates for a 1.2% growth declined 0.3%.
Today at 14:00 UTC+4 data on Industrial Production in Germany in August is issued; forecast 1.1% vs. -1.7% in July. Now we may expect data weaker than estimates.
At 22:00 UTC+4 FOMC meeting minutes are published today.
The first bearish target is the area 1.3537/42 with consolidation under which the second target opens 1.3495, support of trend line on the daily chart.
The material has been provided by InstaForex Company – www.instaforex.com
Yesterday data on France and Germany was worse than forecasts. Trade Balance in France was -4.9 billion euro vs. estimates for -4.8 billion; Germany’s Factory Orders in August against estimates for a 1.2% growth declined 0.3%.
Today at 14:00 UTC+4 data on Industrial Production in Germany in August is issued; forecast 1.1% vs. -1.7% in July. Now we may expect data weaker than estimates.
At 22:00 UTC+4 FOMC meeting minutes are published today.
The first bearish target is the area 1.3537/42 with consolidation under which the second target opens 1.3495, support of trend line on the daily chart.
The material has been provided by InstaForex Company – www.instaforex.com
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