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13 Feb 2014
EUR/USD consolidating ahead of 1.3700
FXStreet (Guatemala) - EUR/USD made a high of 1.3693 and has settled back a little in the 1.3670’s consolidating after the surge from below 1.3580 yesterday.
Today from the calendar from Europe we had the final reading of German CPI was unchanged from the preliminary estimate of 1.2% Y/Y. Strategists at TD Securities explained that Retail Sales were going to be the headline released in NY as the focus shifts away from the Yellen testimony and debt ceiling concerns, coming back to US economic fundamentals. According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 8K last week to a seasonally adjusted 339K in the week ended February 7, missing expectations at 330K and coming from 331K (revised from 331K) in the previous print. Continuing Claims, which reflect people already receiving benefits, decreased by 18K to a seasonally adjusted 2.953 million in the week ended January 31 vs. 2.971 million in the previous week (revised). Then we had the Commerce Department that informed that US Retail Sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat. Yellen’s testimony before the Senate Banking Committee has been rescheduled due to the impending snow-storm.
EUR/USD Levels
The 20 DMA is 1.3596, the 50 DMA is 1.3651 and the 200 DMA is 1.3393. RSI (14) reads 63.78. Supports are ascending from 1.3499,1.3552,1.3563 1.3579. Spot is 1.3668 while resistances are 1.3619, 1.3630,1.3656 and 1.3683.
Today from the calendar from Europe we had the final reading of German CPI was unchanged from the preliminary estimate of 1.2% Y/Y. Strategists at TD Securities explained that Retail Sales were going to be the headline released in NY as the focus shifts away from the Yellen testimony and debt ceiling concerns, coming back to US economic fundamentals. According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 8K last week to a seasonally adjusted 339K in the week ended February 7, missing expectations at 330K and coming from 331K (revised from 331K) in the previous print. Continuing Claims, which reflect people already receiving benefits, decreased by 18K to a seasonally adjusted 2.953 million in the week ended January 31 vs. 2.971 million in the previous week (revised). Then we had the Commerce Department that informed that US Retail Sales contracted 0.4% inter-month during January, while excluding the Auto sector sales came in flat. Yellen’s testimony before the Senate Banking Committee has been rescheduled due to the impending snow-storm.
EUR/USD Levels
The 20 DMA is 1.3596, the 50 DMA is 1.3651 and the 200 DMA is 1.3393. RSI (14) reads 63.78. Supports are ascending from 1.3499,1.3552,1.3563 1.3579. Spot is 1.3668 while resistances are 1.3619, 1.3630,1.3656 and 1.3683.