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Trading news
29 Mar 2013
Forex: EUR/USD muted after US data
FXstreet.com (Barcelona) - The euro remained indifferent after the US Personal Income grew 1.1% in February, surpassing the median at 0.8% and January’s contraction of 3.7%. Continuing with the results, Personal Spending rose 0.7% and the Core PCE – Prices rose 1.3%, matching the prior reading.
Next on tap across the pond will be a gauge of the consumer sentiment by the Reuters/University of Michigan index, expected to ease to 72.5 in March from 77.6 in February.
EUR/USD is now advancing 0.02% at 1.2819 with the immediate resistance at 1.2884 (MA200d) ahead of 1.3050 (high Mar.25) and then 1.3163 (high Feb.28).
On the downside, a break below 1.2804 (low Oct.2012) would aim for 1.2751 (low Mar.27) and finally 1.2730 (low Nov.19).
Next on tap across the pond will be a gauge of the consumer sentiment by the Reuters/University of Michigan index, expected to ease to 72.5 in March from 77.6 in February.
EUR/USD is now advancing 0.02% at 1.2819 with the immediate resistance at 1.2884 (MA200d) ahead of 1.3050 (high Mar.25) and then 1.3163 (high Feb.28).
On the downside, a break below 1.2804 (low Oct.2012) would aim for 1.2751 (low Mar.27) and finally 1.2730 (low Nov.19).