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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 : 81

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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USD/JPY Technical analysis 15 November 2018

Time frame Used - four hours The USDJPY is moving in a sideway direction in the near term. The USDJPY is still facing resistance and selling pressure around level of  114.08 as it moves within a trading range between 114.08 as a upper boundary and 113.58 as the lower boundary of the trading range. This comes after the USD/JPY broke the lower boundary of the rising wedge as we mentioned…

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