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14 Feb 2013

Forex: EUR/USD in lows below 1.3400

The shared currency accelerates its descent below the key mark at 1.3400 on Wednesday, after both French and German GDP figures during the fourth quarter have disappointed expectations, contracting 0.3% and 0.6% inter-quarter, respectively.

As of writing, EUR/USD is retreating 0.44% at 1.3392
Next support levels line up at 1.3364 (low Feb.12) ahead of 1.3325 (low Feb.11) and then 1.3300 (psychological level).
On the other hand, a break above 1.3442 (MA21d) would lead to 1.3472 (MA10d) and finally 1.3520 (high Feb.13).
Feb 14, 2013

Forex: USD/CHF rallies to intraday resistance on French and Germany Q4 recession

The USD/CHF is rallying at the moment of writing, mirroring negatively the EUR/USD chart, as investors realize the "not-so good" economic reality in the Eurozone after the publication of flash GDP figures in France and Germany.
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Feb 14, 2013

France 4Q Nonfarm Payrolls (QoQ): -0.2% vs -0.3% (3Q)

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