The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Industrial Production.
EUR/USD was trading at 1.3943, down 0.24% at time of writing.
The pair was likely to find support at 1.3831, today’s low, and resistance at 1.4157, Friday’s high.
IBM, the largest constituent of the Dow Jones industrial average index, reported a higher-than-expected profit and raised its outlook for the full year, but its shares fell nearly 4% on the after-hours trading after hitting all time high earlier in the day.
Apple reported fourth quarter earnings of USD 4.64 a share on revenue of USD 20.34 billion. Analysts had expected USD 4.08 a share on revenue of USD 18.9 billion.
Apple shares fell 6% on the after-hours trading.
Earlier in the day, official data showed that U.S. industrial production fell unexpectedly to -0.20% last month, from 0.20% in the preceding month.
Analysts had expected U.S. industrial production to rise 0.20% last month.
Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8778 and EUR/JPY falling 0.49% to hit 113.31.
EUR/USD was trading at 1.3943, down 0.24% at time of writing.
The pair was likely to find support at 1.3831, today’s low, and resistance at 1.4157, Friday’s high.
IBM, the largest constituent of the Dow Jones industrial average index, reported a higher-than-expected profit and raised its outlook for the full year, but its shares fell nearly 4% on the after-hours trading after hitting all time high earlier in the day.
Apple reported fourth quarter earnings of USD 4.64 a share on revenue of USD 20.34 billion. Analysts had expected USD 4.08 a share on revenue of USD 18.9 billion.
Apple shares fell 6% on the after-hours trading.
Earlier in the day, official data showed that U.S. industrial production fell unexpectedly to -0.20% last month, from 0.20% in the preceding month.
Analysts had expected U.S. industrial production to rise 0.20% last month.
Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8778 and EUR/JPY falling 0.49% to hit 113.31.