Back

EUR/USD flat-lined around 1.3340

FXstreet.com (Edinburgh) -The single currency continues to consolidate gains above 1.3300 the figure on Friday, with the EUR/USD partially retracing yesterday’s spike to the boundaries of 1.3370.

EUR/USD vs. EMU data

Ahead in the day market participants will focus on EMU’s inflation figures and trade balance results. Prior surveys expect consumer prices to rise at an annual rate of 1.6% during July while the trade surplus is expected to widen to €15.3 billion during June vs. €14.6 previous. Across the pond, US Housing Starts and Building Permits will be in the limelight ahead of the advance figures of August’s Consumer Sentiment sponsored by Reuters/Michigan index.

EUR/USD levels to watch

The pair is now losing 0.05% at 1.3338 facing the immediate support at 1.3188 (low Aug.2) followed by 1.3179 (MA30d) and finally 1.3164 (low Jul.23). On the upside, a breakout of 1.3391 (high Aug.9) would open the door to 1.3401 (high Aug.8) and then 1.3417 (high Jun.19).

S&P 500 futures technically damaged by close below 1,670 Thursday

The surprise sell-off that occurred in US stocks Thursday took the S&P futures below “correction support” of 1,670 – which opened the door to more downside in the near-term.
了解更多 Previous

NZD/USD resistance 0.8100

NZD/USD dropped from 0.8100 in London yesterday, then climbed from below 0.8000 back above 0.8100 overnight when offers took the pair back to 0.8067 on handover to the Europeans again. For NZD/USD, the main headlines were the earthquakes!
了解更多 Next