More from FXstreet.com

Forex: EUR/USD little changed after EMU CPI

By FXstreet.com,  January 16, 2013, 05:13:00 AM EDT

FXstreet.com (Barcelona) - Muted reaction in the EUR price action after the inflation figures in the euro zone showed that the CPI rose 0.4% MoM during December, and 2.2% over the last twelve months, matching estimates. The Core reading rose slightly above the previous print, 1.5% vs. 1.4%.

Next on tap will be the US CPI and the industrial production, ahead of the Fed's Beige Book due in the European evening.

As of writing, the pair is down 0.25% at 1.3271 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

S. Korea: N. Korea Fired Short Range Missiles
S. Korea: N. Korea Fired Short Rang...


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%