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7 Feb 2013

Switzerland: Foreign Currency Reserves (Jan): 427B vs 427.2B in Dec

Feb 7, 2013

Forex Flash: EUR/USD possibly made a false break above 1.3485/1.3564 - Commerzbank

Based on the 5th of a 5th Elliott wave count on the daily chart, the 13 count on the 240 minute chart, Commerzbank analysts are wary of a deeper corrective phase. “We would allow for a slide towards the 1.3270/56 zone”, wrote analyst Karen Jones “This is the 16th Jan low and the 61.8% retracement”, she added, suspecting that this was a false break above 1.3485/1.3564, “however it is a little too early to tell”. Key support is at 1.3125 6 month uptrend, but there is a first at 1.3211, a 3 month support line.
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Feb 7, 2013

Spain Industrial Output Cal Adjusted (YoY) improves to -6.9% in Dec

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