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Noticias de trading
12 Apr 2013
Forex: EUR/USD muted after US retail sales
FXstreet.com (Barcelona) - The bloc currency kept the range on Friday after the 0.4% monthly contraction of the US retail sales, missing estimates at 0.0% and coming from 1.0% (revised). Stripping the automobile sector, sales also contracted 0.4% from February’s 1.0% advance.
Further data showed that Producer Prices dropped 0.6% on a monthly basis and 1.1% over the last twelve months. The flash Reuters/Michigan consumer sentiment index is next, expected at 78.5 in April, a tad lower than the previous print at 78.6
The cross is now down 0.39% at 1.3048 and a dip beyond 1.3044 (low Apr.11) would bring 1.3006 (low Apr.9) and then 1.2980 (MA10d).
On the upside, resistance levels line up at 1.3138 (high Apr.11) ahead of 1.3140 (MA55d) and finally 1.3150 (MA100d).
Further data showed that Producer Prices dropped 0.6% on a monthly basis and 1.1% over the last twelve months. The flash Reuters/Michigan consumer sentiment index is next, expected at 78.5 in April, a tad lower than the previous print at 78.6
The cross is now down 0.39% at 1.3048 and a dip beyond 1.3044 (low Apr.11) would bring 1.3006 (low Apr.9) and then 1.2980 (MA10d).
On the upside, resistance levels line up at 1.3138 (high Apr.11) ahead of 1.3140 (MA55d) and finally 1.3150 (MA100d).