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9 Apr 2013

Forex: GBP/USD around 1.5260/65 ahead of UK data

FXstreet.com (Barcelona) - The sterling is flat-lining in the vicinity of 1.5260/65 on Tuesday, ahead of UK balance figures, industrial and manufacturing production. Prior surveys expect the industrial sector in the British economy to improve from January grim figures while the trade deficit is expected to widen to £8.55 billion.

As of writing, the cross is up 0.07% at 1.5266 with the next resistance at 1.5364 (high Apr.5) followed by 1.5426 (38.2% of Jan-Mar decline) and finally 1.5452 (high Feb.20).
On the flip side, a breakdown of 1.5204 (MA10d) would expose 1.5199 (low Apr.5) and then 1.5137 (MA21d).
Apr 9, 2013

Germany: Trade surplus widens against expectations in February

German Trade surplus widened to €17.1 billion in February from €15.6 billion in January, according to data released today by Destatis. Analysts expected the surplus to narrow to €15.1 billion. German Current Account surplus widened to €16.0 billion in February, from €9.7 billion in January.
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Apr 9, 2013

Forex: AUD/USD testing lows around 1.0420

The Aussie dollar is easing some ground at the moment, visiting session lows in the boundaries of 1.0420 despite the risk-on context....
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