Global macro overview for 14/12/2015:
The eurozone industrial production data was released early this morning have beating the expectations: market participants had expected the number to be at the level of 0.3% m/m (1.4% y/y), the number was 0.6% m/m (1.9% y/y). Comparing this data to the previous month output (-0.3% m/m; 1.3% y/y), we can see solid improvement in the EU industrial production as this sector of the economy is continuing to build up momentum.
The EUR/USD pair is trading slowly in the middle of a range ahead of the Fed's rate decision on Wednesday. The next support is seen at the level of 1.0923 and next resistance is seen at the level of 1.1030.
