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Technical analysis

The USD declines following the Fed minutes dissipated as the greenback managed to regain its dominance. The economic data on the day saw the release of the European Central Bank’s meeting minutes.

The ECB, in its minutes, revealed how some members wanted the language to be more dovish to reflect the recent slowdown in the Eurozone’s economy. The ECB also revealed it considers reviving its long term targeted refinancing operations.


Elsewhere, following on the heels of a slowdown from Germany, French industrial production also declined. On a seasonally adjusted basis, industrial production fell 1.3% in November.

The early Asian session today saw the release of Australia’s retail sales figures.

The UK’s Office for national statistics (ONS) will be releasing its monthly GDP figures. Economists forecast the GDP to rise 0.1% on the month. This is followed by manufacturing production forecast to rise by 0.4% after falling 0.9% the month before.

Construction output sho...

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