French April industry output fell a hefty -1.4% m/m, much worse than expected, versus median forecast of -0.2%.
Data has dented risk appetite a little, with EUR/USD falling back below 1.4100 to 1.4085 at writing. Cable is back below 1.6400 at 1.6395.
2 Responses to “French industry output data much worse than expected”
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AUTOREFRESH 
Gerry………what do you think of Goldmansucks call of the e/u hitting 1.4500 before correcting?……looks mixed in my book…..much perfer to be long cable…..I think wide intraday ranges, till the next move on a daily scale, is this weeks game plan…..one day down ……two -three up …….two down.
The SP 500 doe’snt look that toppy, just a pause now, and the Dollar Index looks as though it could base around near the daily support for the rest of the week , I think this will be the key.
i used to pay some heed to goldmans, not so much these days. that said, they could well be right. cable just doesn’t want to go down (for long anyways) not sure what’s exactly going on with the barclays/blackrock m%a flow gig, but has been alot of talk of it this week. no smoke without fire??