Read more
7:04 AM · 7 July 2023

BREAKING: EUR ticks higher after mixed German data

German industrial production data for May was released at 7:00 am BST today and turned out to be mixed. Monthly data missed expectations and showed a 0.2% MoM drop while annual data beat expectations and showed a 0.7% YoY increase (0.5% YoY expected). Release trigger a bullish reaction on EUR market with EURUSD ticking higher. However, scale of the move on the main currency pair was small and did not exceed 0.1%.

Drop in May industrial production was driven by energy and construction as stripping those two out would result in monthly industrial production reading of +0.2% MoM.

German industrial production for May

  • Monthly: -0.2% MoM vs 0.0% MoM expected (+0.3% MoM previously)
  • Annual: +0.8% YoY vs 0.5% YoY expected (+1.7% YoY)

EURUSD at 5-minute interval. Source: xStation5

17 April 2026, 8:11 AM

Economic Calendar: A Calm End to the Week!

16 April 2026, 7:11 PM

Daily summary: Rising oil pressures EURUSD, bull run on Wall Street continues

16 April 2026, 6:32 PM

BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal

16 April 2026, 7:52 AM

Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits