Mon, 28 Mar 2011 14:46:00 +0200

Forex: Dollar, little changed after US Income data

FXstreet.com (Barcelona) - The Dollar has remained broadly unaffected after the release of US Income and Outlays data, trading stronger against Euro and Pound, and consolidating gains against the Yen.

EUR/USD remains pulling lower from 1.4085, reaching 1.4025 so far, right above day low at 1.4020. GBP/USD is trading between 1.5970 and 1.5990 after picking up from one-week low at 1.5935, while USD/JPY trades at one-week high, between 81.60 and 81.85.

US Personal Income increased 0.3% in February, slightly below the consensus, 0.4%, and below the 1.0% increase posted in January. Personal spending increased 0.7% in February, from the revised 0.3% increment posted in January, and above the 0.6% rise forecasted by the markets.

The Core Personal Consumption Expenditures, monitored by the Fed to asses inflation trends, increased 0.9% on the year in Feb, ticking up from the 0.8% posted in January.

Technical Analysis (2011-03-28 12:30 GMT)
EUR/USD 1.403/1.4033 - O: 1.4169 H: 1.4174 L: 1.4168 C: 1.4173
Trend	R3: 1.4102
	R2: 1.4067
	R1: 1.4032
	S1: 1.3953
	S2: 1.3988
	S3: 1.4023