OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD in fresh lows on ECB data

The single currency breached Thursday’s lows, extending the decline to the proximities of 1.3150 after the ECB informed that 365 banks would repay €61.1 billion of the second 3-year LTRO, lower than the €122.5 billion expected.

Further euro data showed that Italian retail sales contracted further on an annualized basis during December, falling 3.8% vs. -3.1% prior. MoM, sales expanded 0.2%, bettering the previous contraction of 0.4%.

At the moment, the pair is losing 0.14% at 1.3171 with the next support at 1.3163 (low Feb.21) ahead of 1.3121 (MA100d) and then 1.3039 (low Jan.10).
On the upside, a surpass of 1.3289 (MA55d) would aim for 1.3343 (MA10d) ahead of1.3429 (MA21d).

Italy Dec Retail Sales n.s.a (YoY): -3.8%; 0.2% (MoM)

Read more Previous

Forex Flash: Eurozone fiscal deficits still high, though waning – Goldman Sachs

While official Eurostat deficit data for 2012 will not be published for another two months, tracking estimates of deficits in Italy, Spain and France show a continued decline, albeit falling short of government targets. As the cyclical picture deteriorated during 2012, the European authorities are likely to accept these misses to some extent.
Read more Next
Start livechat