{"id":732,"date":"2011-02-09T12:26:04","date_gmt":"2011-02-09T12:26:04","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=732"},"modified":"2011-02-09T13:19:02","modified_gmt":"2011-02-09T13:19:02","slug":"rational-fx-germanys-industrial-production-came-out-worse-mom-yoy-09022011","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/rational-fx-germanys-industrial-production-came-out-worse-mom-yoy-09022011\/","title":{"rendered":"Rational FX: Germany&#8217;s Industrial Production came out worse MoM &#038; YoY [09\/02\/2011]"},"content":{"rendered":"<div>\n<table style=\"border-collapse: collapse;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\" width=\"40%\" bordercolor=\"#000000\">\n<tbody>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> <\/span><span style=\"color: #666666; font-family: Arial;\">Currencies<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> High<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Low<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Support<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Resistance<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> GBP\/EUR<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1875<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.1749<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1750<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1875<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> GBP\/USD<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.6162<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.6026<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.6030<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.6170<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> EUR\/USD<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3688<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3570<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3570<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.3700<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"color: #666666; font-family: Arial;\"> <\/span><\/p>\n<p><strong>Yesterday Market Movers<\/strong><\/p>\n<ul>\n<li><span style=\"font-family: Arial;\">In the Euro zone yesterday the only key piece of data released was from Germany in the form of Industrial Production. This\u00a0 came out worse MoM and YoY and fundamentally should have weakened the Euro, However it was also reported that Germany\u2019s economy grew by 3.6% since last year and as a result saw Euro strengthen against its major counterparts.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-family: Arial;\">Yesterday the result came out for US economic optimism.\u00a0 This came out worse and saw a knee jerk reaction with USD strengthening against its major counterparts, however the gains were short lived and saw cable head towards the 1.61 levels again.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #666666; font-family: Arial;\"> <\/span><\/p>\n<p><strong>Today\u2019s market movers<\/strong><\/p>\n<ul>\n<li><span style=\"font-family: Arial;\">The main piece of data which came out of the Eurozone at 7am is Germany Trade Balance which came out far better than expectations. The euro strengthened back to levels below the 1.18 against the pound.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-family: Arial;\">From the UK we have Goods Trade Balance which is looking to improve slightly. Considering this was a measure of the month of December this may not show a fair reflection due to weather conditions.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"font-family: Arial;\">The final bit of information from the US today will be Bernanke speech , his comments will influence the volatility of USD\u00a0 and also pave a path for the short term<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #666666; font-family: Arial;\"> <\/span><\/p>\n<p><span style=\"color: #666666; font-family: Arial;\">We wish you a very nice day.<\/span><\/p>\n<div><span style=\"color: #666666; font-family: Arial;\"><span style=\"font-family: Arial;\"><\/p>\n<div><a title=\"Request a FREE no obligation quote from RationalFX\" href=\"http:\/\/www.rationalfx.com\/\">The RationalFX Team<\/a><\/div>\n<p><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Currencies High Low Support Resistance GBP\/EUR 1.1875 1.1749 1.1750 1.1875 GBP\/USD 1.6162 1.6026 1.6030 1.6170 EUR\/USD 1.3688 1.3570 1.3570 1.3700 Yesterday Market Movers In the Euro zone yesterday the only key piece of data released was from Germany in the form of Industrial Production. This\u00a0 came out worse MoM and YoY and fundamentally should have weakened the Euro, However it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,27,24],"tags":[52],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/732"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=732"}],"version-history":[{"count":4,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/732\/revisions"}],"predecessor-version":[{"id":737,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/732\/revisions\/737"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}