Negative macroeconomic statistics from Europe | 15 September 2022

15 September 2022, EUR/USD

Negative macroeconomic statistics from Europe

EURUSD trading plan:

Euro zone industrial production was much weaker than expected in July, data showed, mainly because of a sharp drop in the output of capital goods that are used for to make finished products and reflect business investment. The European Union's statistics office Eurostat said industrial production in the 19 countries sharing the euro fell 2.3% month-on-month in July for a 2.4% year-on-year decline. Eurostat data showed the output of capital goods, which typically include buildings, machinery, equipment and tools and are used to make final products, fell 4.2% month-on-month in July for a 5.4% year-on-year drop.

Investment idea: sell 0.9975 and take profit 0.9910.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .