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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 : 66

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 24 September 2018

EN Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term The USDJPY is still facing resistance and selling pressure around the 112.85 level to retreat below level of  112.45   In view of the technical indicators Both the RSI and the Stochastic are indicating that indicators are beginning to fall below Accordingly, we expect that the USDJPY will  fall to levels…

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