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InstaForex Loprais Team - Official participant of the Dakar rally

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InstaForex Loprais Team - Official participant of the Dakar rally

2017.01.1103:39:00UTC+00Euroarea Industrial Production Seems to have recovered in November

Euro area industrial output is expected to have rebounded in November, reflecting positive signs for the fourth quarter. The output is likely to have come in strong. According to a Societe Generale research report, the euro area industrial production is expected to have grown around 1.2 percent on a sequential basis.

Germany is likely to have recorded a healthy print, while France is expected to have seen a strong recovery in the output growth. With a constant profile into December, it might lead to a 0.8 percent quarter-on-quarter rise in the fourth quarter of 2016. The manufacturing PMI for December was markedly strong, although a more robust quarterly gain might be recorded, added Societe Generale.

At 08:35 GMT the EUR/USD pair is trading at 1.0556. Meanwhile, at 08:00 GMT, the FxWirePro's Hourly Strength Index of Euro was neutral at -48.3923, while the FxWirePro's Hourly Strength Index of US Dollar was neutral at 21.1784. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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