Forex Trading News: JPY Industrial Production Preview

The Industrial Production number is released at 12:30. This figure gauges the value of output produced by factories. An increasing trend has a positive effect on the currency typically because the higher production levels signal a strong economy.

The previous number was -1.2% and that number is forecast again.

Forex Trading -USD/JPY - getting ready for a move?

Forex Video: FXDD’s Greg Michalowski on ForexTV.com for April 16th 2008

Forex TV - Today’s Forex News . EUR strengthened to record highs vs. the USD and GBP. NYMEX crude oil tops $115/brl. U.S. equities rallied across the board, on upbeat earnings reports. After the closing bell, IBM and EBay top forecasts. FXDD’s Michalowski with his forecast for the majors.

Click to See the Latest Forex TV video featuring FXDD’s own Greg Michalowski

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Forex: Long Eur/Usd might be the way to go.

Today we saw the Eur/Usd break through the top of the wedge at 1.5900 and run up due to taking out the stops. If Eur/Usd can stay above that resistance it should have more room to make new highs.

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Forex Trading News: JPY Industial Production Released Higher Than Forecast

The JPY Industrial Production number comes out at 1.6% from the previous -1.2%. -1.2% was forecast for this release again.

 

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