Germany November industrial production m/m +3.4% vs +1.8% expected

Author: Justin Low | Category: News

Seasonally adjusted data as published by Destatis - 9 January 2018

A strong beat on the m/m number there. Expect the y/y figure to also come out strong. Similar to yesterday, I think the y/y figure delay would be rather long - yesterday was up to 12 minutes for factory orders.

EUR/USD getting a bit of a relief bounce - up to 1.1964 now, just 7 pips no biggie.

Update (0707 GMT): The WDA y/y figure is released. Also, another big beat. EUR/USD now up to 1.1970.