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The Euro lost yesterday's gains against the Greenback, after the disappointing report on German industrial production came in. The EUR/USD exchange rate fell 10 base points to the 1.1592 mark.
German industrial output dropped twice as much as anticipated in September, following a strong increase in the prior month. The Germany's Economy Ministry stated that country's industrial production fell 1.6% for the month, though still expanded 0.8% on a quarterly basis. In addition, data revealed that solid demand from other EZ countries for capital goods such as vehicles and machines contributed to a surprise rise in September's industrial orders, suggesting the industrial output to increase in the coming months.
| Historical Data Table: German Industrial Production m/m | Economic Calendar for 07.11.2017 | ||||||||
| Date | 07.07.2017 | 07.08.2017 | 07.09.2017 | 09.10.2017 | 07.11.2017 | 3:00 PM | JOLTS Job Openings | ||
| Actual | 1.20% | –0.1% | 0.00% | 2.60% | -1.60% | 5:55 PM | BoC Governor Poloz Speech | ||
| Forecast | 0.20% | 0.20% | 0.50% | 0.90% | -0.70% | 7:30 PM | Fed's Yellen Speech | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.16025 | 1.15928 | -0.08% | EUR/USD | 48.00% | 52.00% | |||
| EUR/GBP | 0.8822 | 0.88165 | -0.06% | EUR/GBP | 26.01% | 73.99% | |||
| EUR/CHF | 1.1591 | 1.15915 | 0.00% | EUR/CHF | 28.05% | 71.95% | |||
| EUR/JPY | 132.406 | 132.32 | -0.06% | EUR/JPY | 39.21% | 60.79% | |||