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THE MARKET IS EXPECTING AN INCREASE IN US INDUSTRIAL PRODUCTION

News Date: 16/10/2014 04:02:46
 

Change in the total inflation- adjusted value of output produced by manufacturers, mines and utilities is expected to increase today from -0.1% to 0.4% and in case that happened the dollar will gain strength to retest important levels.

Gold is currently at 1240 and in case news came in green gold might dive again to retest the support level 1200, EURUSD currently at 1.27 and if USD got strength today it might retest 1.25 support level. On the other hand in case the number came in red than USD will weaken and the market keep on advancing against the US Dollar.

Provided By Fxhighway 

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