The eurozone industrial production data was released early this morning have beating the expectations: market participants had expected the number to be at the level of 0.3% m/m (1.4% y/y), the number was 0.6% m/m (1.9% y/y). Comparing this data to the previous month output (-0.3% m/m; 1.3% y/y), we can see solid improvement in the EU industrial production as this sector of the economy is continuing to build up momentum.
The EUR/USD pair is trading slowly in the middle of a range ahead of the Fed’s rate decision on Wednesday. The next support is seen at the level of 1.0923 and next resistance is seen at the level of 1.1030.
The material has been provided by InstaForex Company – www.instaforex.com
Global macro overview for 14/12/2015:
The eurozone industrial production data was released early this morning have beating the expectations: market participants had expected the number to be at the level of 0.3% m/m (1.4% y/y), the number was 0.6% m/m (1.9% y/y). Comparing this data to the previous month output (-0.3% m/m; 1.3% y/y), we can see solid improvement in the EU industrial production as this sector of the economy is continuing to build up momentum.
The EUR/USD pair is trading slowly in the middle of a range ahead of the Fed’s rate decision on Wednesday. The next support is seen at the level of 1.0923 and next resistance is seen at the level of 1.1030.
The material has been provided by InstaForex Company – www.instaforex.com
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