US Industrial Production

Economists expect a shard slowdown in industrial production in the US for October with only a 0.1% increase. The partial government shutdown may have had an impact on it and it will be interesting to see if the number will surprise and come in showing a contraction.

The US Dollar could get slammed should the figure point towards a contraction and traders may want to be careful heading into the report. There are plenty of mixed signals about the US economy, but overall it points more towards a slowdown than expansion and one NFP report above 200,000 does not change that scenario.