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13 Feb 2013

Forex: EUR/USD little changed after German prices

The bloc currency remained practically unchanged after Wholesale Prices in the first economy of the bloc rose 0.3% on a monthly basis during January, and 2.3% over the last twelve month, exceeding estimates at +0.2% and +2.2%, respectively.

At the moment, the cross is down 0.08% at 1.3442 with the immediate support at 1.3430 (MA21d) ahead of 1.3364 (low Feb.12) and then 1.3325 (low Feb.11).
On the flip side, a breakout of 1.3475 (high Feb.12) would bring 1.3501 (MA10d) and then 1.3577 (high Feb.7).
Feb 13, 2013

Germany: Wholesale Price Index rises more than expected in January

The German Wholesale Price Index increased 0.3% in January, after remaining flat the previous month, Destatis reported on Wednesday. This result is slightly higher than the 0.2% growth expected by economists.
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Feb 13, 2013

Forex: GBP/USD flat around 1.5660/65

After dipping to year lows in the vicinity of 1.5565/70, the sterling picked up pace and managed not only to regain 1.5600 but also to climb near 1.5690 overnight.....
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