The Advisor Weblog |
| Mixed US Retail Sales Dollar higher Posted: 13 Apr 2011 05:37 AM PDT Retail sales show a monthly increase of 0.4%, slightly below expectations of 0.6%, while Core Retail sales reached 0.8%, above the 0.7% expected. Dollar is slightly higher across the board, except against commodity currencies, heading quickly higher. Still nothing worth to mention, with EUR/USD around 1.4490 and USD/CHF at 0.8975. USD/JPY is back higher, nearing 84.20. However, the strong Chinese wall for the pair is at the 84.40/50 area; unless above it, gains will remain limited for now.
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| Posted: 13 Apr 2011 04:25 AM PDT EUR/USD remains bullish above 1.4500, and ready to break higher? Here is the technical update: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/04/13/02/
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