Back
4 Apr 2013
Forex: EUR/USD around 1.2950, eyes on Payrolls
FXstreet.com (Barcelona) - The bloc currency is extending its march north on Thursday, hovering over 1.2950 after a wave of buying interest lifted the cross from fresh 2013 lows around 1.2740.
Moving on to Friday docket, Italy will release its Public Deficit/GDP ratio for the fourth quarter ahead of the EMU Q1 GDP and Retail Sales. German Factory Orders will close the euro calendar. Big day for the US economy, as the NFP will be in the limelight alongside the jobless rate for the month of March. US Trade Balance figures are also due, preceding the Consumer Credit Change.
EUR/USD is now advancing 0.75% at 1.2945 with the next hurdle at 1.3050 (high Mar.25) followed by 1.3134 (high Mar.8).
On the flip side, a breakdown of 1.2730 (low Nov.19) would expose 1.2680 (61.85 of 1.2042-13711) and then 1.2662 (low Nov.13)
Moving on to Friday docket, Italy will release its Public Deficit/GDP ratio for the fourth quarter ahead of the EMU Q1 GDP and Retail Sales. German Factory Orders will close the euro calendar. Big day for the US economy, as the NFP will be in the limelight alongside the jobless rate for the month of March. US Trade Balance figures are also due, preceding the Consumer Credit Change.
EUR/USD is now advancing 0.75% at 1.2945 with the next hurdle at 1.3050 (high Mar.25) followed by 1.3134 (high Mar.8).
On the flip side, a breakdown of 1.2730 (low Nov.19) would expose 1.2680 (61.85 of 1.2042-13711) and then 1.2662 (low Nov.13)