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Industrial Production and Consumer Confidence both lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD, 240 mins The 0.6% US March industrial production drop was weaker than expected, following small net-downward revisions that left a 0.6% (was 0.5%) February decline after a 0.5% (was 0.6%) January pop. We now have declines in 13 of the last 16 months that leave a 3.1% drop from the expansion-high in November of 2014. We saw a 2.2% contraction rate for industrial production in Q1 after a 3.3% (was 3.2%) rate of decline in Q4 that leaves declines in four of the last five quarters. Factory

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