Euro slides following Draghi comments, US retail sales data expected today
City Index April 14, 2014 2:15 PM
<p>The euro opened the week with a gap of 30 points after Mario Draghi’s comments over the weekend that the strengthening of the euro would […]</p>
The euro opened the week with a gap of 30 points after Mario Draghi’s comments over the weekend that the strengthening of the euro would require further monetary stimulus.
The fall has continued, with the US dollar gaining across the board so far. With only industrial production due out today from the EU, and an improved 0.3% expected, this may give it some legs back up.
In the US today the release of retail sales data is expected, with a better figure from the last time at 0.5% for core retails sales and 0.8% for retail sales. If we get what we are expecting, USD could keep this run going for the rest of the day.
Supports 1.3860 1.3840 1.3820 | Resistance 1.3905 1.3925 1.3950
Supports 101.35 101.05 100.80 | Resistance 101.80 102.15 102.45
Supports 1.6705 1.6675 1.6625 | Resistance 1.6775 1.6815 1.6835
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