Industrial output slowing in Germany bearish for EURUSD
Industrial production expansion slowed in Germany in July. Germany’s statistics agency Destatis reported country’s industrial production rose 1.2% over month in July after 9.3% rebound in June, when a 4.5% growth was expected. This is bearish for EURUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Neutral | |
MA(200) | Buy | |
Fractals | Buy | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.1762 |
Stop loss | Above 1.2009 |
Market Analysis provided by IFCMarkets.com
- TSLA shares rose on a weak report. Inflationary pressures are easing in Australia Apr 24, 2024
- USDJPY: On intervention watch Apr 24, 2024
- Euro gains against the dollar amid mixed economic signals Apr 24, 2024
- PMI data is the focus of investors’ attention today. Turkey, Iraq, Qatar, and UAE signed a transportation agreement Apr 23, 2024
- Australian dollar rises on strong economic indicators Apr 23, 2024
- Geopolitical risks in the Middle East are declining. China kept interest rates at lows Apr 22, 2024
- Brent crude dips to four-week low amid easing geopolitical tensions Apr 22, 2024
- COT Metals Charts: Speculator bets led by Copper & Silver Apr 20, 2024
- COT Bonds Charts: Speculator bets led by 10-Year Bonds & Fed Funds Apr 20, 2024
- COT Stock Market Charts: Speculator bets led by S&P500-Mini Apr 20, 2024