The pair is still moving sideways.... We are waiting for the wave 4 to start

EURUSD is still in range, what will be the next move ? Check the chart

Japan's closely watched core machinery orders declined in January at a rate that matched analysts' expectations, while the country's wholesale prices rose slightly in February, according to data published Wednesday. Core machinery orders data showed a 3.7% drop in January, the Cabinet Office said. The result matched analysts' average expectations, according to Dow Jones Newswires, but was below a


4.4% forecast drop reported by the Kyodo news agency. Private-sector core machinery orders, which exclude volatile shipping and electric-power orders, are considered a leading indicator of the nation's capital spending. Compared to January 2009, core orders were down 1.1%. However, reports cited the government as saying the indicator was bottoming out. Total orders were also down 3.7% from Decembe

Separately, the Bank of Japan reported Wednesday that the corporate goods price index rose 0.1% in February from the month before, the Bank of Japan reported. Compared to a year earlier, the CGPI measure of wholesale prices was down 1.5%. The results matched expectations as reported by Kyodo. In January, the index had risen 0.3% month-on-month and fallen 2.1% year-on-year.