Tuesday, 15 January 2013

EUR/USD – Euro Trading at Multi-Month Highs

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More pictures at http://daily20pips.blogspot.com/2013/01/klaudia-el-dursi-is-stunning-hot-beyond.html
EUR/USD is trading in the 1.3360 range, following its sharp gains late last week. The rally started after the European Central Bank to hold its benchmark interest rate at the current level of 0.75%, and the euro has jumped over three cents in that short time period. Eurozone data continues to look weak, as both Eurozone and Italian Industrial Production were well below the market estimate. In the US, the Trade Deficit widened to its highest levels since April. The markets will be paying close attention as Federal Reserve Chairman Bernard Bernanke speaks later on Monday.

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