Market Update: Eurozone Industrial Production Down by 0.2%

In January 2019, industrial production grew by 1.9% in the euro area and by 1.3% in the EU28...


According to the Eurostat report, here’s an essential update on the industrial production in the Eurozone:

Industrial Production
In January 2019, industrial production grew by 1.9% in the Euro area and by 1.3% in the EU28.

In February 2019 compared with February 2018, industrial production declined by 0.3% in the Euro area and expanded by 0.3% in the EU28.

Seasonally Adjusted Industrial Production

In February 2019 compared with January 2019, seasonally adjusted industrial production dropped by 0.2% in the Euro area (EA19) and remained stable in the EU28.

EUR/USD is taking a bullish turn despite less favorable figures. In fact, the direct currency pair is trading precisely in line with FX Leaders Daily Briefing, April 12.

EUR/USD – Technical Levels
Support Resistance
1.1252 1.128
1.124 1.1296
1.1212 1.1325
Key Trading Level: 1.1268

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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