country flagالعربية

Euro mixed after industrial producer data in the Eurozone

2019-11-05 11:48 am | Resource: News | No Views : 29

 Euro mixed after industrial producer data in the Eurozone

The euro was mixed against the major currencies on Tuesday after data showed industrial producer prices in the euro zone rose 0.1% in September from the previous month, according to estimates by Eurostat published on Tuesday. In the entire EU (of 28 countries). As for trade negotiations, the Financial Times reported that officials in the administration of President Donald Trump discussed the abolition of customs duties on Chinese imports worth 112 billion dollars in order to sign a partial trade agreement with the Beijing government.

 Euro zone producer prices rose 0.1% in September
  • Producer prices also rose 0.1% on a monthly basis. On a yearly basis, prices in the euro zone and the 28-nation EU fell 1.2% and 0.7% respectively.
  • Prices in the energy sector rose 0.5% and durable consumer prices rose 0.2% in the euro zone in September on a monthly basis.
  • Non-durable consumer prices rose 0.1% compared to August.
  • On the other hand, capital goods prices were stable and intermediate commodity prices fell 0.2%.

Among member countries, the largest monthly growth in industrial producer prices was recorded in Greece where prices rose 1.2%, while the largest decline was recorded in Latvia, where producer prices fell 1.3% on a monthly basis.

Euro Trading

• The euro fell 0.05% against the dollar to trade at 1.1121
• The euro fell against the pound by 0.24% to trade the euro pound 0.8618.
• EUR_JPY was up 0.12% to EURJPY at 121.023.
• The euro against the franc rose 0.12% to trade the euro franc at 1.1020 levels.
• EUR / AUD fell 0.55% to trade at 1.6075.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.