Retail Sales Data Positifkan Sterling Performance

Monexnews-Pound rose to the highest level in three weeks against the dollar after a Government report showed that retail sales in the United Kingdom increased.

Sterling terapresiasi against 12 of the 16 major currencies over the data put a damper on speculation that the Bank of England will add stimulus that normally affect the currency will weaken. The Pound rose to the highest level in five weeks against the euro as Germany's manufacturing berkontraksinya and Appendix operation problems for Cyprus that bailout spurred the demand for an alternative to the single currency. Meanwhile, the United Kingdom Government bonds strengthened.

"The Data certainly is good news for sterling," said Kathleen Brooks, Research Director at Forex.com in London. "Retail sales Data was better than economists expected. It really is very positive for the pound. "

(fsyl)

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EURUSD Strengthened Retail Sales Data Amid A Weak U.S.

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EURUSD continues its rise in Pairing Wednesday beyond the range of trading, even test the 1.3400 level after it was reported the growth of resistant 1.3500 retail sales slowed to us 0.1% in January, down from the 0.5% during the month of December.

Components of the retail sales outside the automotive and fuel sales, the level of consumer spending rose only 0.2% below the estimate of 0.4% and lower than the 0.7% previously. These Data indicate that u.s. consumers reduced spending after the holiday season as a result of the wage tax increase of 2%.

Reports the u.s. economy is still weak, it's also the reason supporters for the Federal Reserve to maintain its monetary policy might result in selonggar and positive for the EURUSD pair, because in the same time eurozone economic data showed improvement after a reported increase in the industrial production data. In addition investors sentiment on the single currency is increasingly positive following the G7 statement that those countries not participating in the competition of the devaluation of the currency.

Pair EURUSD so far observed strengthened 0.13% in level 1.3474, after reaching its highest point at the lowest level of his daily 1.3519 and at 1.3438. In intraday bias remains bullish technical, at least the target area in the short term, 1.3540 before his bullish target in the target range of 1.3630. On the side, the nearest support at 1.3420 area looks – 1.3435, plummeted again below the area can add to the bearish pressure to target areas of 1.3360.

(Sap)

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