EMU: Current Account surplus s.a. widens to €16.3B in February

FXstreet.com (Barcelona) - Eurozone Current Account surplus s.a. widened to €16.3B in February, from a €13.8B surplus recorded in January, the ECB informed on Friday. Analysts expected less widening to €15.0B.

Current Account surplus n.s.a. shifted to a €12.1B surplus from a €5.6B deficit, considerably above projections of a €1.3B surplus.

Apr 19, 2013

EU: Current Account surplus s.a rises to €16.3B in Feb; Current Account deficit n.s.a shifts to €12.1B surplus

Commodities Brief – Precious metals rebound, silver tests 23.70 resistance

Gold prices were given a respite from the recent downtrend Friday, as news of the political gridlock in Italy fostered fresh demand for the yellow metal. Subsequently, the 1400 level and key resistance were broken and the yellow metal appears to have stabilized above this during European trading. After touching a session high of 1424, gold prices have now eased slightly back to USD $1414.69 per oz. Intraday, gold has a bullish bias, as it faces the next upside barrier/resistance at 1428. Meanwhile, a drop back below 1400 would be bearish.