Today's actions:
EURUSD: buy range entered at 1.10140 with a target of 1.124
EURCHF: buy range entered at 0.95560 with a target of 0.96826.
EURNZD: buy range entered at 1.77410 with a target of 1.81951.
GBPNZD: buy range entered at 2.06010 with target 2.09482.
News:
US factory production recovered in November. This was mainly due to a pick-up in activity among car manufacturers and parts suppliers after the end of the United Auto Workers strike.
Output rose 0.3% less than expected last month, driven by a 7.1% increase in auto production, Federal Reserve data showed on Friday. The figures followed a 0.8% decline in factory production in October.
Excluding cars, however, production fell 0.2% – the second monthly decline in a row. Total industrial production, including mining and utilities, rose 0.2% from the previous month. Compared to November 2022, industrial production fell by 0.8%.
John Williams, president of the Federal Bank of New York, has thrown a spanner in the works with his comments that speculation about rate cuts is premature.
EURUSD: buy range entered at 1.10140 with a target of 1.124
EURCHF: buy range entered at 0.95560 with a target of 0.96826.
EURNZD: buy range entered at 1.77410 with a target of 1.81951.
GBPNZD: buy range entered at 2.06010 with target 2.09482.
News:
US factory production recovered in November. This was mainly due to a pick-up in activity among car manufacturers and parts suppliers after the end of the United Auto Workers strike.
Output rose 0.3% less than expected last month, driven by a 7.1% increase in auto production, Federal Reserve data showed on Friday. The figures followed a 0.8% decline in factory production in October.
Excluding cars, however, production fell 0.2% – the second monthly decline in a row. Total industrial production, including mining and utilities, rose 0.2% from the previous month. Compared to November 2022, industrial production fell by 0.8%.
John Williams, president of the Federal Bank of New York, has thrown a spanner in the works with his comments that speculation about rate cuts is premature.