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When new signals appear the EA adds orders. When an opposite signal appears: The profits will all depend on your risk appetite but you can really push this one to the limit as it has been trading very well! The ONS said U. The pound rose to session highs against the dollar on Thursday after data showed that U. The data bolstered expectations that the BoE would hold off on announcing fresh stimulus measures following its policy setting meeting later in the session.
Manufacturing production in the U. In a report, the U. Office for National Statistics said that manufacturing production rose by 1. Manufacturing production in February rose by 0. On an annualized basis, manufacturing production fell at rate of 1. Manufacturing production dropped at a rate of 1. The report also showed that industrial production rose 0. Following the release of the data, the pound spiked higher against the U. Meanwhile, European stock markets were lower.
New York-traded oil prices fell by as much as 0. Official data released earlier showed that consumer prices in China rose 2. China is the world's second largest oil consumer after the U. The gap between the two contracts has narrowed sharply in recent weeks, amid an improving production outlook in the North Sea and indications of declining stockpiles at Cushing, Oklahoma, the delivery point for Nymex oil futures.
Inventories at Cushing fell by , barrels to European stocks were mixed to lower on Thursday, as markets were jittery ahead of the Bank of England's policy statement later in the day, while Wednesday's positive German data eased expectations for an additional rate cut by the European Central Bank. German industrial output jumped 1. The data also dampened speculation over the possibility of further rate cuts by the ECB after the bank indicated Monday that further rate cuts were possible.
Elsewhere, Nokia saw shares advance 0. Meanwhile, financial stocks were mostly higher. The Dow Jones Industrial Average futures pointed to a 0. The pound pushed higher against the U. Official data showed that German industrial output jumped 1. The data came one day after a report showed that German factory orders also beat expectations in March, rising 2.