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EUR/USD – German Production Shines, Euro Subdued

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD is trading at 1.1030 in the European session on Tuesday. On the release front, German Industrial Production posted a strong gain of 3.3%, well above the forecast of 0.6%. Eurozone Revised GDP for the fourth quarter climbed 0.3%, matching the forecast. In the US, the sole event on the schedule is the NFIB Small Business Index. Weak global economic conditions, particularly the Chinese slowdown, have taken a toll on the Eurozone manufacturing sector, as European manufacturers are

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