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German industrial production has some downside risk today

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market Movers Another quiet day on the data front. German industrial production has some downside risk today after the weak factory orders yesterday. That said, the correlation between industrial production and factory orders has not been that great lately. The weak orders were pulled lower by export orders outside the euro area, suggesting a rising impact from the slowdown in China and other emerging markets (EM). Germany has quite a large exposure to EM and the recent VW scandal could add to

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