06, February 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The index of business activity in the services in Europe in January showed an increase from 48.3 to 48.6 points.

Retail sales in the euro zone in December showed a decline from -0.1% to -0.8%, the average forecast was -0.5%.

Taking into the consideration the fall of the investor confidence index in February and the growth in the U.S. factory orders for December are worse than was expected as the result the euro continued to go down on Monday.

PMI in service in January in the U.S. showed a fall from 55.7 to 55.2 points (data for December were revised down: from 56.1 to 55.7). Still the euro got 68 points yesterday.

Today we are waiting for industrial orders in Germany for December, forecast is 0.8% against 1.8% in November.

There won’t be anything important in the USA today.
China's trade balance for January is to be published tomorrow in the morning. The forecast is 24.3 billion against $ 31.6 billion dollars in December.

It is possible that investors will begin to trade negatively today as this index in Hanuary fell both in Europe and the USA., probably the situation is similar in China,