{"id":20204,"date":"2011-03-18T07:58:25","date_gmt":"2011-03-18T11:58:25","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20204"},"modified":"2011-03-18T07:58:25","modified_gmt":"2011-03-18T11:58:25","slug":"eurusd-continues-to-traded-above-1-4000-following-robust-us-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/18\/eurusd-continues-to-traded-above-1-4000-following-robust-us-data\/","title":{"rendered":"EUR\/USD: Continues to traded above 1.4000 following robust US data"},"content":{"rendered":"

By GCI Forex Research<\/strong><\/p>\n

\"EUR<\/a>EURUSD Movement<\/p>\n<\/div>\n

For the 24 hours to 23:00GMT, EUR rose 0.66% against the USD and closed at 1.4013.<\/p>\n

In the EU, construction output rose by 1.8% (M-o-M) in January following a 2.0% decline in December. In the US, consumer price index (CPI) rose to 0.5% (M-o-M) following a 0.4% increase in January. Additionally, the Philly Fed index rose to 43.4 in March, following a score of 35.9 posted in February.<\/p>\n

In the Asian session, at 4:00GMT, the EURUSD is trading at 1.4070, 0.41% higher from the levels yesterday at 23:00GMT.<\/p>\n

The pair has its first short term resistance at 1.4135, followed by the next resistance at 1.4201. The first support is at 1.3957, with the subsequent support at 1.3845.<\/p>\n

With a series of EU economic releases today, including current account and trade balance, trading in the pair is expected to be influenced by the resulting cues from these releases.<\/p>\n

The currency pair is trading above its 20 Hr and 50 Hr moving averages.<\/p>\n

Forex Daily Market Commentary<\/strong><\/em> provided by<\/em><\/strong> GCI Financial Ltd<\/strong><\/a>.<\/strong><\/span><\/p>\n

GCI Financial Ltd (\u201dGCI\u201d) is a regulated securities and commodities trading firm, specializing in online Foreign Exchange (\u201dForex\u201d) brokerage. GCI executes billions of dollars per month in foreign exchange transactions alone. In addition to Forex, GCI is a primary market maker in Contracts for Difference (\u201dCFDs\u201d) on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.<\/p>\n

DISCLAIMER: GCI\u2019s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be U.S.ed as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the 24 hours to 23:00GMT, EUR rose 0.66% against the USD and closed at 1.4013.<\/p>\n

In the EU, construction output rose by 1.8% (M-o-M) in January following a 2.0% decline in December.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20204","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20204"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20204\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}