Release Explanation: Measures the the total value of the output from mines, industrial factories and utilities is in the Industrial read. The value of manufactured goods is in the Manufacturing read. The Shipment number covers the amount sent abroad. Capacity Utilization cover at what rate Factories are running at compared to the maximum.

Trade Desk Thoughts: Industrial production continued to decline for the fourth month in a row. In December, industrial production was down by 4.6% from one month earlier. The previously released number of -3.1%, was revised lower, to -3.7%. Year over year, production is down by 12.0%. Past releases have proven to have a strong impact, so some large swings can be expected in the following months.

Forex Technical Reaction:
The euro is trading near the Asian session opening price, positioning itself ahead of the NFP release.