The French National Institute of Statistics and Economic Studies (INSEE) released its monthly report on the country’s industrial production figures this morning. The data was expected to show modest growth of around half a percent.
The surprise release of 2.0% growth from the French economy was met with furrowed brows, however, as analysts are attempting to find a way to place such optimistic news with the region’s dominating sentiment of risk aversion. The EUR has not seen much bullishness as a result of this data, but the figure does give some investors a reason to hold out hope for further growth.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
