Eurozone's industrial production grew in October after a slump in the previous month, suggesting that economic growth may gain some steam towards the end of the year, yet remain sluggish. Industrial production rose 0.2 percent from September, when it declined 0.6 percent, which was revised from 0.3 percent. more...
German investor confidence rose strongly in December, defying expectations for a modest weakening, but caution prevailed as financial analysts' assessment of the current economic situation again deteriorated sharply due to sluggish economic growth and uncertainties linked to global trade and Brexit. The ZEW Indicator of Economic Sentiment for Germany rose 6.6 points to reach minus 17.5 points. more...
Australian Dollar Forecast: AUD/USD, AUD/JPY and EUR/AUD Trend Lines Broken Fading momentum in the Australian Dollar preceded losses against the greenback, Japanese Yen and Euro. With trend lines broken, AUD/USD, AUD/JPY and EUR/AUD may extend their reversals. British Pound Forecast: Sterling Remains Weak Both the four-hour and daily GBP/USD chart point to lower prices ahead with a re-test of the 1.2660 low on the cards. ...
EURUSD: Retail trader data shows 57.5% of traders are net-long with the ratio of traders long to short at 1.35 to 1. In fact, traders have remained net-long since Nov 23 when EURUSD traded near 1.14026; price has moved 0.5% lower since then. The number of traders net-long is 0.2% lower than yesterday and 17.1% lower from last week, while the number of traders net-short is 11.4% lower than yesterday and 8.0% lower from last week. We typically ...
Eurozone's private sector growth was the lowest in more than two years during November, led by Germany, though the pace of slowdown was less than what was estimated initially. more...
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