US Mar 2018 Industrial Production and Capacity Utilisation data on 17.04.2018

  • prior MoM IP 0.9%, revised to 1.0%
  • IP YoY 4.3 % vs prior 4.4%
  • Manufacturing Production MoM 0.1% vs 0.1% exp, prior 1.3%, revised to 1.5%
  • Capacity Utilisation 78.0 % vs 77.9% exp, prior 77.7%

Small beats there, US data are the up again from this week, earning are mostly beating and Kudlow speaking about possibly another Tax simplifier. The USD could start to find a few legs imo. Looking to sell EURUSD rallies or it may already have seen it’s high for this round.

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