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EMU: Retail Sales slide more than expected in February

FXstreet.com (Barcelona) - Eurozone Retail Sales fell 0.3% in February, compared with the 0.9% increase in January, according to the official report published by Eurostat. This result is slightly below the 0.2% drop projected by economists.

Year-over-year Eurozone Retail Sales declined by 1.4% in February, after decreasing 1.9% in January, but above consensus of a 1.8% fall.

Forex: EUR/GBP retraces losses on UK and EMU data

The EUR/GBP recovered from 0.8478 low back to a flat level on the day and going as high as 0.8496 as data in the UK and Eurozone get released. The market is still more biased to the downside, at 0.8488 as of writing.
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Forex: EUR/JPY peaks at 125.59 and then tests 124.00 ground

Following the BoJ decision yesterday, the EUR/JPY soared from 119.28 and peaked at 125.59 high during today’s Asian session, totaling more than 600 pips gained. However, ahead of the European morning, the EUR/JPY retraced to test the 124.00 ground and is now limited at 124.30/60.
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