Markets trade within tight range ahead of US retail sales data release

<p>A very quiet start to the trading week, with very little action and no important data releases have kept ranges at very tight levels so […]</p>

A very quiet start to the trading week, with very little action and no important data releases have kept ranges at very tight levels so far.

Today’s data may have some impact we hope, starting with the German ZEW economic statement, expected to drop to 41.3 from 43.2. A key factor here will be how the Ukraine and Russia tensions have affected this data.

In the US retail sales is due out with an expected drop to 0.5% from a previous reading of 1.2%. Also core retail sales, which exclude the sales of automobiles, is set to drop to 0.6% from 0.7%.

 

EUR/USD

Supports 1.3740 1.3680 1.3622 | Resistance 1.3780 1.3825 1.3885

 

 

USD/JPY

Supports 102.00 101.40 101.10 | Resistance 102.30 102.50 102.75

 

 



GBP/USD

Supports 1.6840 1.6820 1.6780 | Resistance 1.6900 1.6930 1.6950

 

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