More from FXstreet.com

Forex: EUR/NOK retracing post-CPI gains, around 7.3085

By FXstreet.com,  January 10, 2013, 06:41:00 AM EDT

FXstreet.com (Barcelona) - The Norwegian krone is recovering the ground lost to the single currency on Thursday after the CPI ticked higher during December, rising 0.3% MoM and 1.4% over the last twelve months, exceeding previous prints at +0.1% and +1.1%, respectively. Producer Prices followed the opposite direction, contracting 0.2% on a year through December, down from +0.0% previous.

The cross is now losing 0.03% at 7.3085 with the immediate support at 7.2927 (Lower Bollinger) ahead of 7.2799 (low Jan.4) and finally 7.2677 (low Aug.31).
On the upside, a break above 7.3415 (high Jan.4) would aim to 7.3457 (MA14d) en route to 7.3540 (MA30d).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

China Turns to Age-Old Solution For Rural Elderly
China Turns to Age-Old Solution For...
Charlotte Bobcats to Bring Back Hornets Name and Logo
Charlotte Bobcats to Bring Back Hor...
Pakistani Political Leader Gunned Down in Karachi
Pakistani Political Leader Gunned D...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%