Earlier, ECB’s Mersch said that a well-constructed banking union would ease burden on monetary policy, while a destabilized ECB transmission mechanism is destabilized risks price instability.
Surprising analysts, pending home sales have risen 4.5% in January, instead of the expected 1.5%. Also worthy of note is the upward revision of December figure, from -4.3% to -1.9%. The annualized data moved higher from 6.9% to 9.5%. US Durable Goods Orders fell -5.2% in January, more than expected (-4.4%), while data “ex Transportation” was able to gain 1.9%, more than the 0.2% consensus.
Mataf.net analysts point to resistance at 1.3125, 1.3195 and 1.3245. On the downside, supports might be found at 1.3070 1.3020 and 1.2960.