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3 Numbers To Watch: EU industrial production, US retail sales, EURUSD
• Mildly positive EU industrial output data expected • US retail sales to rebound from winter blues • Uncertain directional outlook for EURUSD Monday is a slow news day in terms of the quantity of economic releases, although two hard-data updates will receive wide attention: Eurozone industrial production and US retail sales. Along the way, keep an eye on EURUSD, which made a bullish U-turn last week. Eurozone Industrial Production (09:00 GMT): The economic recovery in Europe is weak, but it’s still alive. Judging by industrial activity, the annual trend has been strengthening in recent months. But the ... (full story)
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A word to the wise ain't necessary - it's the stupid ones that need advice