Euro Forex News
Portugal successfully sold one billion euro in 2-y bonds
The Portuguese government successfully sold1 billion euro of two-year bonds. The average yield soared from the previous placement's 4.086% to 5.993%, meaning investors demanded a much higher risk premium.The bid to cover ratio also declined from 1.9 in the previous auction of this kind to 1.6.
German industrial production up 1.8%, above expectations
Industrial production in Germany rebounded in January, as construction output improved after the weather-related slump in December. The Federal Ministry of Economics and Technology said industrial production rose 1.8% month-on-month in January, after falling by 0.6% the previous month, and surpassing expectations for a 1.7% increase. On a year-on-year basis, the industrial production rose 12.5%.
euro zone is playing with US market they all are making fool to USA market soon US market will face good lows.
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Yeah there are news which comes anytime and we just have to try to understand it and follow it but the news is really complicated and its not easy to understand it that's why there are more looser in forex trading.
Euro news can be profitable to us but we have to be attentive on the market so that we can understand the market condition and according to it only we have to place the order to make a good amount of profit through it.