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EUR/USD Extends Gains on German Industrial Production

August 7, 2013 by

EUR/USD extended its rally for the second session today as data from Europe was positive yet again. German industrial production expanded as much as 2.4% in June, compared to the forecast of 0.3% (event A on the chart). At the same time, the US data was not as good as was expected.

Crude oil inventories decreased by 1.3 million barrels last week, matching forecasts. Total motor gasoline inventories increased by 0.1 million barrels. (Event B on the chart.)

Consumer credit rose by $13.8 billion in June from May, when it grew by $17.5 billion (revised from $19.6 billion), trailing the forecast that promised an increase by $15.3 billion. (Event C on the chart.)

EUR/USD for 2013-08-07

If you have any comments on the recent EUR/USD action, please reply using the form below.

2 Responses to “EUR/USD Extends Gains on German Industrial Production”

  1. rahul

    hi sir i hv required the data of crude oil.


    admin Reply:

    The latest release is linked from the post above.


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