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April 12, 2023After closing the previous trading day at 1.0917, EUR/USD is up to 1.0922, which makes for a move of 0.04%/4 pips today.
At the same time, fresh Retail Sales data released in Euro Zone matched analyst forecasts with a reading of -0.8% — a backwards step from its previous reading of 0.8%. United States API Weekly Crude Oil Stock came out at 377,000, while a consensus of analysts was expecting -1.3 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
Other currencies are showing mixed performance as EUR/GBP trades with no major change, around 0.8788. EUR/JPY trades close to 145.93, with no major change.
Elsewhere, Germany Consumer Price Index is expected tomorrow at 06:00 UTC. Euro Zone Industrial Production is projected to outperform its last figure with 1%. It previously stood at 0.7%; data will be released tomorrow at 09:00 UTC. Germany Consumer Price Index is expected tomorrow at 06:00 UTC.
The currency pair has been trending positively for about a month. After setting a supportive marker at 0.9596 around 6 months ago, the Euro is now trading 13.76% above this level.
