More from FXstreet.com

Forex: EUR/USD around 1.3275, eyes on EMU CPI

By FXstreet.com,  January 16, 2013, 04:46:00 AM EDT

FXstreet.com (Barcelona) - The single currency is back to the region of 1.3275/80, ahead of the inflation figures in the euro zone due later. Market consensus expects the CPI to rose 2.2% on a yearly basis during December, matching the previous reading.

Previously, in the data front, Italian trade surplus has slightly narrowed to €2.363 billion in November, from €2.42 billion in the prior month.

As of writing, the pair is down 0.22% at 1.3275 with the next support at 1.3265 (low Jan.15) ahead of 1.3249 (low Jan.11) and finally 1.3201 (MA21d).
On the upside, a breakout of 1.3373 (Upper Bollinger) would aim to 1.3404 (high Jan.14) and then 1.3487 (2012 high Feb.24).




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

On Facebook IPO's Anniversary, a Look Back at the Year
On Facebook IPO's Anniversary, a Lo...


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%