CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

US industrial production slightly below expectations

14:23 15 September 2021

Total industrial production in the US rose 0.4% in August, easing from 0.9% growth in July and missing market consensus of a 0.5 % advance. Late-month shutdowns related to Hurricane Ida held down the gain in industrial production by an estimated 0.3% point. Although the hurricane forced plant closures for petrochemicals, plastic resins, and petroleum refining, overall manufacturing output rose 0.2%. Mining production fell 0.6%, reflecting hurricane-induced disruptions to oil and gas extraction in the Gulf of Mexico. The output of utilities increased 3.3%, as unseasonably warm temperatures boosted demand for air conditioning.

EURUSD  bounced off the 50 SMA (green line) after  today's data releases and is heading towards next resistance level at 1.1825. Source:xStation5  

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