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Wrap Up 15-19 April EURUSD Down 0.84%

EUR

Trade Balance

12.0B

9.9B

8.7B

USD

Empire State Manufacturing Index

3.1

7.2

9.2

USD

TIC Long-Term Purchases

-17.8B

41.3B

25.7B

USD

NAHB Housing Market Index

42

45

44

EUR

Italian Trade Balance

1.09B

-1.41B

-1.61B

EUR

German ZEW Economic Sentiment

36.3

41.5

48.5

EUR

CPI y/y

1.7%

1.7%

1.7%

EUR

Core CPI y/y

1.5%

1.4%

1.3%

EUR

ZEW Economic Sentiment

24.9

31.5

33.4

USD

Building Permits

0.90M

0.94M

0.94M

USD

Core CPI m/m

0.1%

0.2%

0.2%

USD

CPI m/m

-0.2%

0.0%

0.7%

USD

Housing Starts

1.04M

0.93M

0.97M

USD

Capacity Utilization Rate

78.5%

78.4%

79.6%

USD

Industrial Production m/m

0.4%

0.3%

0.7%

EUR

German 10-y Bond Auction

1.28|1.6

1.36|1.6

USD

Crude Oil Inventories

-1.2M

1.2M

0.3M

EUR

Spanish 10-y Bond Auction

4.61|2.6

4.48|2.1

USD

Unemployment Claims

352K

349K

348K

USD

Philly Fed Manufacturing Index

1.3

2.7

2.0

USD

CB Leading Index m/m

-0.1%

0.1%

0.5%

USD

Natural Gas Storage

31B

35B

-14B

EUR

German PPI m/m

-0.2%

0.1%

-0.1%

EUR

Current Account

16.3B

14.9B

13.8B

Last week economic calendar looks better for the Euro Area than for USA. We can see that the trade balance for Europe rise to 12.0B, the CPI stagnated at 1.7% and the current account was over expectations, even though the data from Germany was mostly lower than expected. For the United States the TIC, building permits, CPI, Philly Fed came under market expectations and only housing starts and industrial production came better than forecasted.

Tomorrow will begin the Flash PMI week. Flashes for manufacturing and services will be published for Germany, Spain, Italy, and Euro Area. For the United States will be published new home sales, core durable goods orders and prelim GDP, but the list may go on.

wrap-up-15-19-eurusd-down-0.84-21.04.2013

From the technical point of view, we can see that the price drew a spinning top candle, meaning indecision. A good signal of what the price might do could be given by a close over 1.3140 or under 1.3040.

Wrap Up 15-19 April EURUSD Down 0.84% by
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