U.S. industrial production disappoints

Industrial production came in at .1% against an expectation of +.3%. This caused little reaction to a rather quiet market. Other numbers today were Retail sales -2.1% (against -1.4%expectations) and Retail Sales less Autos +1.0% (.5% expectations). All in all numbers as expected and the market is now looking for the Fed to move interest rates up once again at their meeting next week. Will they change the wording in the statement is the big question.

FXTRADINGIDEAS@AOL.COM