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​French industrial output fell for the third month in a row in May

2018-07-10 09:06 am | Resource: NEWS | No Views : 39



French industrial output fell for the third month in a row in May, defying economists' expectations for an increase, the statistical office Enzi said on Tuesday.

Industrial production fell seasonally adjusted by 0.2% on a monthly basis in May, slower than the 0.5% drop in April. At the same time, it was expected to rise by 0.6 percent. Industrial production shrank 0.6% in May against an expected 0.5% rise.

The data also showed that construction production rose by 1.9 per cent during the month, while output in the mining and quarrying sector grew by 1.9 per cent.

In the three months to May, industrial production fell by 0.8 percent from the previous three months, and industrial production fell by 0.5 percent


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USDJPY Technical analysis 19 July 2018

Time frame Used - four hours The USDJPY is moving in a sideway direction in the near term The USDJPY still faces resistance around the 112.90 level   In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area Accordingly, we expect that  the USDJPY will  retreat to 112.19   The alternative scenario is that the USDJPY breach…

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