Forex: EUR/USD advancing to 1.3085/90 after German Gfk

The bloc currency is gaining some ground after the German Gfk Consumer Confidence Survey came in at 5.9 for the month of March, in line with expectations and exceeding February’s 5.8
Further data showed that Import Prices rose 0.1% MoM and contracted 0.8% in a year to January, both prints missing the median.

At the moment, the pair is up 0.22% at 1.3090 facing the next hurdle at 1.3123 (MA100d) followed by 1.3319 (high Feb.25) and then 1.3389 (MA21d).
On the flipside, a breakdown of 1.3018 (low Jan.7) would aim for 1.2998 (low Jan.4) and finally 1.2996 (low Dec.12).

Feb 27, 2013

Germany: Gfk Consumer Confidence Survey slightly up in March, as expected

The German Gfk Consumer Confidence Survey increased to 5.9 points from 5.8 points, according to data released today by Gfk. This result is in line with market consensus.

Germany: Import Price Index up 0.1% in January

The German Import Price Index rose 0.1% in January, compared with the 0.5% fall in December, Deutsche Bundesbank reported on Wednesday. Analysts projected more growth of 0.3%.