Intraday Market Thoughts
Euro Tests 55-WMA, Nearing 200-DMA
by
Mar 13, 2013 16:11
EURUSD tests its 55-WMA for the first time since November, a base long held as a key support. Uncertainty with Italy's bond auction and ongoing election limbo in Rome may be excuses, but today's stronger than expected US retail sales are prompting speculation of a clearer upgrade in the lanuguage from the FOMC next week, which may further bolser the case for the USD even if the QE remains as is for another 3-5 months. We issued a new set of Premium Insights and 2 new EUR charts, including AUDSD & AUDJPY ahead of tonight's Aussie jobs Gold, silver and oil will be added later this evening.
Act | Exp | Prev | GMT |
---|---|---|---|
Core Retail Sales (m/m) | |||
1.0% | 0.2% | 0.4% | Mar 13 12:30 |
Retail Sales (m/m) | |||
1.1% | 0.5% | 0.2% | Mar 13 12:30 |
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