Today the EUR/USD pair has risen from its open and is currently around the 1.4615 level, currently at 1.4630. Euro Zone October industrial production has come in at -0.6% m/m, -11.1% y/y compared to median forecasts of -0.7%, -10.9%, respectively. Cable has lost its previous gains, now at the 1.6187 mark. UK clearer selling sizable amounts of GBP/CHF has not helped Sterling’s general cause. The USD/JPY pair has weakened today currently down at the 88.54 level. Japan economy shows signs of recovery but situation remains severe. Concerns still exist over long-term rates rise due to worsening of Japan’s finances.
Due for release today there is the JPY Industrial Production, JPY Capacity Utilization, EUR Euro-Zone Employment.
By Ultimate Forex Profits
