Forex: EUR/USD dips to lows after US sales

FXstreet.com (Barcelona) - The shared currency is rapidly losing ground against the greenback on Monday, printing fresh session lows in the boundaries of 1.2940, after US retail sales bettered forecasts, expanding 0.1% vs. -0.3% estimated. Excluding the auto sector, sales dropped 0.1%, in line with prior surveys.

At the moment, the cross is down 0.10% at 1.2955 with the next support levels 1.2932 (61.8% of 1.2740-1.3243) followed by 1.2916 (daily cloud base) and then 1.2850 (76.4% of Apr. range).
On the flip side, a break above 1.3051 (high May 10) would the target 1.3075 (MA21d) and finally 1.3100 (MA10d).

May 13, 2013

Forex: USD/CAD recovers the 1.0100 level following retail sales in US

The USD/CAD has taken a tumble during US trading, following what has been a virtual bloodletting from the 1.0135 level (session highs). Suffice to say, a surrendering of the 1.0100 level occurred earlier, though the cross is still trending downward after establishing fresh session lows (1.0089/94) in these moments on the heels of US data – the pair is now operating at 1.0099/00.

Forex: USD/CHF pares losses to 0.9580/83 after US retail

The USD/CHF has rebounded off the 0.9546 level following what has been a disappointing session for the pair. Indeed, the cross has hung around in negative territory, unable to recover or extend the downside given the lack of drivers during the European session. In these moments the pair is trading at 0.9580/83 after the US data release, bar far the marquee event Monday.