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: German industrial production remained unchanged in March from the previous month. Over the last six months, German industrial production contacted at a sustainable pace, reflecting the severity of the economic downturn. From one year ago, German industrial production is down by 20.4%. Trade Team notes that past releases have proven to have a strong impact, so large swings can be expected in the following months.

Forex Technical Reaction: The euro continues to trade near the Friday’s open price, but on low volume.