Germany: Annual Industrial Production drops further in March

FXstreet.com (Barcelona) - Year-over-year German Industrial Production declined by 2.5%, down from the 1.7% decrease registered the previous month, according to data released by Destatis. Still, the result is above market consensus of -3.8%.

On a monthly basis German Industrial Production grew 1.2% in March, following a 0.6% increase in February and against forecasts of falling 0.1%.

May 8, 2013

Forex: EUR/USD surges past resistance to 1.3138/45

The EUR/USD has been one of the more active pairs Wednesday, despite the palpable respite in economic data and catalysts during the European session. However, this tranquility has been broken by the release of economic data in Germany, which has come on the heels of a 32-pip surge in recent moments. At the time of writing, the cross is negotiating an exchange of 1.3138/45, trading near session highs and notching an advance of +0.45%.

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May 8, 2013

Forex: USD/CHF falls to 0.9386/88 on upbeat German industrial production

The USD/CHF upside was stymied at the 0.9405 level, whereby upbeat German economic data triggered a fall for the pair. While the cross ultimately failed to stabilize above the 0.9400 level, its worth noting that the decline has been contained above calculated support, preserving a greater decline. At the time of writing, the pair is now settling at 0.9386/88, now at an amplified loss of -0.17% off its opening Wednesday.

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